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:
We are all about transparency. There is no commission in this premium. In some countries, for example, Finland, it works differently and is passed on transparently to the borrower as a line item in the loan closing documentation. The borrower is very aware of it. Both models can work. We believe it is more straightforward for the lender to pick up the cost directly.
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