Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

3:35 pm

Photo of Gerard CraughwellGerard Craughwell (Independent) | Oireachtas source

I will make one last point. Mr. Masding spoke about the bank's loan-to-value rates and where the value is higher than the loan, there is a reduced rate available. He has worked on that. Is that something the bank will offer to its traditional variable rate mortgage holders? Will the bank now review those who are on variable rate mortgages and accept that it needs to help them by cutting their repayments? Is that something Mr. Masding would consider?

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