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 can. Members have the figure we have just spoken about in the annexe I sent back to the committee. The average compensation amount for a PDH is approximately €3,000. For buy-to-let it is a little lower - €2,000. However, I very much caution the Senator that we have not completed the process. In effect, that figure is only for the 1,200 customers I spoke about earlier. That is too small a group to say that is the overall figure. As I said, we need to get to the overall amount out of the €211 million that is applicable to customers, so I-----

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