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

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

I am posing a question. Could the unintended consequence of this legislation be that it might act as a barrier to prevent new mortgage providers entering the market? This could have the consequence of preventing the average mortgage rate from going down. The Deputy is talking about it going up, whereas I am talking about it going down.

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