Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
10:25 am
Mr. Simon Crone:
It depends. They do several things, they can pass it on and that would result in the numbers I mentioned, the full cost of €250 a year which would be passed on as part of the interest rate to the borrower. They typically absorb a lot of it and get savings from the cost of capital and provisions which reduces the amount that needs to be passed on to any consumer.
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