Oireachtas Joint and Select Committees
Thursday, 18 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Central Bank of Ireland
9:30 am
Kieran O'Donnell (Fine Gael) | Oireachtas source
Let us say somebody had gone to a bank and had been offered a tracker, because in many cases the variable rates were very low. The person received an agreement that did not mention it was a tracker agreement. Does caveat emptoror buyer beware apply there? If there is no mention of a tracker in the agreement even though the person might have been under the impression when meeting the bank that the person would be put on a tracker rate, does that fall within the scope?
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