Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Mr. Verbraeken and his colleagues. I will continue with Deputy Pearse Doherty's line of questioning. I am conscious that people who are directly affected are watching. Members will have received correspondence in this regard.

Let me tease out the issue a little further. The 650 PDH mortgage accounts that Mr. Verbraeken identified as being affected relate to new applications. He deemed the application date to be the cut-off point. The period in question is from November 2006 to November 2008. The customers started out on a fixed rate, with a roll-off to a standard variable rate. They were never on a tracker rate. Is it correct that the relevance of the dates is based on the existence of a flyer that the brokers were using to market and promote the product?