Oireachtas Joint and Select Committees

Thursday, 1 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Discussion with Bank of Ireland

11:50 am

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

The 86% are probably relieved but some of those mortgages have 35- or 40-year terms as a result of the outrageous blackmail in the property market during the bubble. Has Bank of Ireland considered the idea of revaluation so that homes are valued according to their real value and not the outrageous speculative and immoral values that were gouged from the younger generation who had to purchase homes at the time?

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