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Stakeholder Engagement

BPFI has engaged with a wide range of stakeholders regarding our serious concerns about the No Consent No Sale Bill proposed by Sinn Fein – a measure which would require borrower specific consent before the sale of a mortgage loan to a third party.  Throughout this engagement process we have stressed how this proposal would provide no additional protections to borrowers over and above what’s already there; while at the same time it would increase the cost of mortgages for new borrowers arising from the increased cost of funding for lenders.  We are also contributing to the process of pre-legislative scrutiny organised by the Oireachtas Committee on Finance, Public Expenditure and Reform.

If you would like further information on this item please contact Felix O’Regan, Director, Public Affairs at felix.oregan@bpfi.ie

Return to BPFI Brief - 17 April 2019