Oireachtas Joint and Select Committees
Tuesday, 3 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with AIB
4:00 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Mr. Duffy presented figures to the committee previously and I will dive into these again. In the year to date, on split mortgages, there were 1,600 offers. He may correct me if I am wrong, as there are so many figures. Seventeen of them have been completed or taken up. Would Mr. Duffy explain that again? It does not make sense. There is a significant appetite and much support for split mortgages. There is serious concern about what happens to the residual debt on retirement age and that such should not be pursued, but customers want to see offers of a split mortgage. With 17 being taken up, obviously the bank has withdrawn some of those offers during the course of the engagement with the customer.
No comments