An tOrd Gnó - Order of Business
Dail Éireann — 2023-05-09
============================================================

Leo Varadkar (FG), Dublin West

I thank the Deputy for raising this matter. I am aware of a number of people whose mortgages are with non-bank lenders who are facing very high interest rates. It is 8% or 9% in some cases. I understand that it is relatively easy to switch if a person has equity in the property and a good payment record. They can switch back or switch to another bank where they might get a lower rate but that will not always be the case, particularly where people may have had a period where they were not paying their mortgage, often through no fault of their own, having lost their jobs. The Minister for Finance is very seized of this and is very sympathetic. He is working out if there are targeted solutions that might help in those cases.

---

Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted.

Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-05-09/debate/main
Retrieved: 2026-08-14T04:51:51+00:00
Sitting date: 2023-05-09