Oireachtas Joint and Select Committees
Wednesday, 4 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Bank of Ireland
11:15 am
Mr. Stephen Mason:
Sorry to interrupt, but if we look at the Keane report and what was highlighted in that regarding split mortgages, our product would fall within the definition of a split mortgage. The example given in that report was one where the interest would roll up. That is not what we have done. We have decided to structure it in a way where the interest is being paid and the customer is making reductions on the capital on a monthly basis.
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