Oireachtas Joint and Select Committees
Wednesday, 4 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Ulster Bank
3:25 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I take the point which I heard earlier. The economic concession is an interesting issue. Anecdotally, what I hear is that people are not interested in split mortgages because they think they will be sunk in debt for the rest of their lives. There has been some emphasis in the media debate to the effect that split mortgages are akin to Moses and the Messiah coming to save people in mortgage distress. I do not think they are.
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