Financial Services
Dail Éireann — 2026-02-10
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Cian O'Callaghan (SD), Dublin Bay North

I am not sure that the Tánaiste understands the extent of the problem. I thank him for the answer he has given. The code of conduct on mortgage arrears is not being enforced. People go through absolute hell when their mortgage is sold on. The Tánaiste asked for an example and I will give him one. I spoke recently to a person who had their mortgage sold through the State-engineered Project Glas, despite the fact that according to Central Bank rules her mortgage was actually sustainable – it was in positive equity. It has since been sold again even though repayments were being made. She has faced serious data breaches, wrongful receivership and long regulatory delays. She has not even been able to find out if the latest vulture fund has lawful title to her home. She is now facing a repossession order and potential homelessness. I am asking the Tánaiste what he is actually doing about this. It is fine to have all these procedures in place but they are not being enforced and people are going to hell as they try to have the protections that should be applying to them applied.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-02-10/debate/main
Retrieved: 2026-08-14T04:54:36+00:00
Sitting date: 2026-02-10