Oireachtas Joint and Select Committees

Tuesday, 23 January 2018

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

Tracker Mortgages: Allied Irish Banks

4:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The letter of offer would have contained several options, one of which was a tracker rate, with an ECB plus margin fixed to it, would that be correct? They would also have an option of fixing, which many of them did and then the contract was drawn up on that basis.

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