Oireachtas Joint and Select Committees

Thursday, 13 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: AIB

12:50 pm

Photo of Lucinda CreightonLucinda Creighton (Dublin South East, Independent) | Oireachtas source

I know that others have raised the issue of variable-rate mortgages. Was it common during the boom years to include a clause in the mortgage that linked the change in interest rates of the mortgage to market conditions? This issue has been raised in the courts in recent times and I am curious as to whether it applies to AIB.

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