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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
We will take an interest in them.
I will turn to the other cohort. In October, KBC revised down the 490 customers to the 417 mortgage accounts. This was the very first group that had been identified as not rolling on to a tracker rate after a fixed rate period or were moved off their tracker rate following a change to the terms of their loan or were on the incorrect tracker margin. Were those cases clear cut? They had a contractual entitlement to a tracker rate at a particular margin, or at least an entitlement to be offered such a tracker.
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