Oireachtas Joint and Select Committees

Thursday, 21 September 2017

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

Banking Sector in Ireland: Bank of Ireland

9:30 am

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

Why would anyone go for a variable rate that is almost 50% more expensive? It is perhaps 3% and 4.5%. Why do 12% of new borrowers go with variable?

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