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
They have come forward, however. Mr. Verbraeken is saying the policy is that someone who was told by his broker that he would roll on to a tracker after taking out a mortgage with KBC Bank, which would involve a final letter, should not be deemed impacted. Surely to God it had an influence. The bank needs to revisit this policy. It will force victims to go to the bank, through the internal appeals process and to the FSPO. This is an obvious matter. If before signing up with the bank one's broker is saying one will roll on to a tracker, it is obviously an influencing factor. How could it not be?
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