Oireachtas Joint and Select Committees

Thursday, 5 October 2017

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

Banking Sector in Ireland (Resumed): Ulster Bank

9:30 am

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

When the bank makes a loan available to a customer, does it advise him or her on the other costs, for example, insurance costs for the house, mortgage protection and insurance for the loss of a job? These costs can be a significant annual cost on top of the mortgage, and many people do not take these into account. Does the bank advise its customers about those charges and what they may be?

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