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:
I am not aware of that. It was before my time. To be clear, as far as I have been able to determine, there is no evidence that there was any systematic or coherent effort to move people off trackers. If one looks at when people moved off trackers, it was generally during periods of high interest rates when it was cheaper to have a fixed rate than a tracker rate. That is where the difficulty and challenges occurred.
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