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
Rose Conway Walsh (Sinn Fein) | Oireachtas source
I thank the witness. I am really concerned about the levels of compensation relative to the other banks. Bank of Ireland has told us the average rate for those denied a tracker is 20% and AIB gave us figures as well around 20% for those with a private dwelling home mortgage no longer on a tracker, or 23% for those on the higher margin. The witnesses have said the compensation will be a maximum of 20%.
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