Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland

2:00 pm

Mr. Stephen Mason:

In terms of the standard variable rate, SVR, the vast majority of customers that are in difficulty are on tracker rates. At the request of the committee approximately 12 months ago we looked at the issue of split mortgage arrangements for SVR customers in difficulty. We give them a reduced rate on the warehoused portion of their split mortgage.

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