Oireachtas Joint and Select Committees
Tuesday, 26 September 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Allied Irish Banks
4:00 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
The clause in the contract says that at the end of the fixed rate period, the customer may choose between three options. One is conversion to a tracker interest rate mortgage loan at the bank's then prevailing rates appropriate to the mortgage loan.
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