Oireachtas Joint and Select Committees
Thursday, 20 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Discussion
10:00 am
Mr. Stefan Goor:
There has been much talk about negative equity and arrears, which are all negative terms, but there are a lot of things that happen that are not negative but which mean a person cannot switch. For example, if somebody has children then child care costs must be factored in or - like me - a person might become self-employed. Even changing jobs can preclude a person from being able to switch.
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