Mortgage Interest Rates
Dail Éireann — 2023-10-05
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Aindrias Moynihan (FF), Cork North-West

I will focus on the long-term fixed-rate mortgages of ten, 15 or 20 years. Has the Minister had an opportunity to discuss such mortgages with the Central Bank and the lenders? I understand he is not able to compel lenders to make different products available but I want to get an understanding of the possibilities of having such mortgages and the demand for them. With the ECB rate continuing to rise, many homeowners are under increasing pressure and are looking for solutions and a level of certainty for future repayments. Such mortgages could offer such an opportunity. Has the Minister discussed these types of mortgages with the lenders? Has he determined what level of demand for them there was when the lenders started to consider these products some years ago and whether they will make more of them available in the years ahead?

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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