Oireachtas Joint and Select Committees

Wednesday, 2 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: Discussion

4:50 pm

Mr. Brendan Burgess:

If a borrower can pay the standard variable rate of interest on his mortgage, it is sustainable for the bank and borrower. If a borrower is able to pay the tracker rate of interest, it is very sustainable for him but not the bank.

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