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
Mr. Bernard Sheridan:
We have highlighted this concern. First, one's terms and conditions have not changed, so if a customer keeps up his or her repayments there should not be an issue. If one falls into arrears, one has the protections in place as if one was a customer of a bank. The issue is around other treatment, for example, the interest rate. We have less visibility of exactly what those loan owners' strategies are.
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