Oireachtas Joint and Select Committees
Thursday, 1 February 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Ulster Bank
9:00 am
Mr. Paul Stanley:
To be clear, having recognised the loss of ownership issue, the €50,000 is an initial payment. Aside from that, we will do all of the standard remediation. We will look at how much they paid in overpayments, how much interest was overpaid, and the loss of value in the property value as well from when they lost the property compared to what it would be worth today. We will be doing our utmost to get them into other homes.
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