Banking Sector
Dail Éireann — 2023-10-05
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Pearse Doherty (SF), Donegal

On 4 August, I called on the Minister to convene a meeting of the Central Bank and the banking sector to chart a pathway for households whose mortgages were sold to vulture funds to return to the mainstream mortgage market. That meeting took place on the last day of that month but the pathway was not outlined. Instead we had an announcement after that. Can the Minister outline the measures that were agreed, and comment on their effectiveness, given the financial pressure they are facing as interest rates soar? Can he also reflect on the fact that the vast majority of loans in the grips of vulture funds will not be able to avail of the measures that were outlined?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-10-05/debate/main
Retrieved: 2026-08-14T04:52:15+00:00
Sitting date: 2023-10-05