Tracker Mortgages
Dail Éireann — 2023-03-07
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Michael McGrath (FF), Cork South-Central

It should certainly not be the case that any individual borrower is disadvantaged because of where their tracker mortgage ended up, so the principle of remediation being applied across the board is one I absolutely subscribe to. I will examine the issue the Deputy has raised. The original lenders were in scope and they should have followed through with those customers. As the Deputy knows, even customers whose loans had been extinguished were also brought back into the scope of the examination, so the fact the loan was sold to another loan owner does not absolve the original lender of the responsibility to deal with that issue. I will take up the issue. If the Deputy has any information, he should please share it. I will ask my officials to engage with the Central Bank on that matter.

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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