Oireachtas Joint and Select Committees

Thursday, 12 October 2017

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

Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland

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9:30 am

Mr. Niclaus Bergmann:

A person can get a fixed interest rate for a mortgage of five, ten or 15 years. That would be the normal duration of a fixed interest rate. On the mortgage itself, when one has a 1% repayment per year, the duration of the mortgage is 30 years.

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