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
Rose Conway Walsh (Sinn Fein) | Oireachtas source
I have one question. I have welcomed the Bill previously. In particular, I welcome the intention to take any amendments or alterations that would enhance the Bill in any way. My question relates to vulture funds. I am rather concerned about mortgages, including variable rate mortgages, that are being bought up by vulture funds. Will this Bill give those affected any assurance in terms of rate caps? Will the Bill cover them? Earlier, Deputy McGrath referred to regulated and unregulated categories. What category do such mortgages come under? Are they captured in this Bill?
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