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
Surely their final decision would be influenced. They do not make a final decision until they make a final decision. Therefore, an inducement whereby one may move to a tracker rate at the end of the two-year fixed term has an influence. If I received a letter of offer from KBC Bank but had not decided on that bank and my broker advised me I would roll on to a tracker mortgage, I would sign even though my application preceded the advice. Surely to God it would be deemed an influencing factor.
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