Oireachtas Joint and Select Committees
Thursday, 8 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
It is also a tiny market where we have a huge percentage of tracker mortgages and we have those who on variable rates, very many of whom are not in a position to switch because of negative equity and so on, and the amount of new lending is very modest.
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