Oireachtas Joint and Select Committees

Thursday, 24 November 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Allied Irish Banks

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9:30 am

Mr. Robert Mulhall:

Yes. The cashback only occurs after taking down the mortgage. The actual loan is a 90% mortgage so they are putting equity into the home, which will act as a cushion.

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