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Seanad
‹ Order of Business

Mortgage repossessions and arrears

Summary

Senator Hayden requests an autumn debate with the Finance Minister on mortgage repossessions, distressed borrowers and the banks’ forthcoming reporting on arrears resolutions.

I wish colleagues a pleasant break. Contrary to all the reports in the media, we will not be spending all of our time sunning ourselves. I remind Senator Mullen, in case he is not aware of it, that a file has been sent to the Crown Prosecution Service in the UK about the particular case he mentioned and that the couple concerned-----

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Paddy Burke An Cathaoirleach Fine Gael

We are not reopening yesterday's debate.

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-----who are resident in Ireland-----

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Paddy Burke An Cathaoirleach Fine Gael

All of these points were raised during yesterday's debate.

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-----had investigated the possibility of the termination in Ireland on health grounds. This is something we may be visiting in the Chamber.

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Paddy Burke An Cathaoirleach Fine Gael

Does the Senator have a question for the Leader?

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Yes, I do. Colleagues may have noticed that the CSO has reported that property prices have increased annually for the first time since January 2008. Other colleagues in the House have been very concerned about the issue of mortgage-based repossessions. The first tranche of reporting on mortgage arrears resolutions, which require the banks to reach agreements with distressed borrowers, is due to take place in September.

I ask the Leader to facilitate a debate, to be taken by the Minister for Finance, on the issue of mortgage repossessions and the banking system in general, at the first possible opportunity after the recess.

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