Tracker Mortgages
Dail Éireann — 2023-03-07
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Pearse Doherty (SF), Donegal

It has become apparent that the retail banks sold to vulture funds thousands of mortgages that were overcharged through the tracker mortgage scandal. Hundreds of these tracker mortgage accounts were sold prior to them receiving remediation through the tracker mortgage examination. The principles of the tracker mortgage examination were very clear. These mortgage holders, having been overcharged by the banks, are now trapped with vulture funds with no option to fix interest rates and no ability to switch. They are in a worse position. Will the Minister outline his views on this revelation? Does he intend to engage with the Central Bank in respect of this?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-03-07/debate/main
Retrieved: 2026-08-14T04:51:40+00:00
Sitting date: 2023-03-07