Oireachtas Joint and Select Committees
Thursday, 8 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Mr. Padraic Kissane
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I would like to ask about mortgages taken out individually and mortgages taken out jointly. We all know what happens in cases of separation, or when one party decides not to pay. Parties to a mortgage are jointly and individually liable. Yet when it comes to redress, it is only one payment. An individual might be wronged by the bank to a value of €20,000 and be offered €2,000 compensation. Another account, which had two individuals signing up to get exactly the same amount of money-----
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