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

I also want to focus attention of homeowners who are stuck with vulture funds. These funds charge much higher variable rates than many of the other lenders and people are heaped with expensive monthly repayments. This is a huge struggle for many homeowners. More than 100,000 homeowners have found that their mortgages have been sold on. Through no fault of their own, they found themselves part of a loan book of performing and non-performing loans. They are now stuck and unable to switch their mortgage. Has the Minister met the Central Bank and the various lenders to discuss making it possible or more realistic for people to switch from these expensive lenders in order to have more manageable repayments that would allow them to hold onto their homes?

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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