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
Paddy Burke (Fine Gael) | Oireachtas source
The Central Bank has advocated that switching loans is a better option. Switching banks costs money and it is unlike switching one's electricity bill. Who pays the piper? Is it the bank that pays? The Central Bank advocates switching. Is it the customer who pays? Will the bank pay the bill on a substantial mortgage as switching can cost a substantial amount?
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