Oireachtas Joint and Select Committees
Tuesday, 6 February 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: KBC Bank
4:00 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Basically, the bank is selling them back their homes. They will take out a mortgage with KBC to get their home back. It did not answer the question. Perhaps it did answer the question because the bank is looking at it very much in financial terms and considering the uplift and so on. All of that has to be done. In the scenario I put to Mr. Verbraeken, what price does he put on having to go in and tell the children they are leaving the house and packing up and maybe having to go into rental accommodation? Some value has to be put on it. There is no way that any type of money can undo the harm the bank has caused those people. The bank has obviously made some calculation somewhere so what is it? Has the bank actually engaged with the six customers to find out the impact? Has the bank asked them to submit a victim impact statement? I asked the banks to do this a year ago. If we were in court, that is what would happen. It would show how it impacted on the customer. Has the bank looked at that?
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