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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I previously sent two cases to the Central Bank. Those cases involved documentation and evidence showing that during the period of the investigation by the Central Bank, lenders continued to challenge borrowers who were within the scope of the Central Bank examination and in those two cases, homes were lost as a result of the actions. The Central Bank is investigating that but given its rules, it cannot inform me about any progress or lack thereof. Does Mr. Kissane have any evidence about whether or not this is widespread issue? Is it an individual issue? Another case with which we are dealing, which presented recently, involved an individual who is seriously ill. I have the consultant's letters here. The medical documents I have state clearly that the illness is as a result of the stress that individual was placed under by the financial institution in question. During a period of the individual's account being deemed within the scope of the Central Bank investigation, this institution continually pursued the individual about issues like repossession and voluntary surrender of the house. It eventually materialised that the individual was not deemed to be impacted by the tracker mortgage scandal. Nonetheless the rules were breached during that period to a point where the individual has a serious and long-term illness as a result. Are these individual cases or is this more widespread?

Comments

No comments

Log in or join to post a public comment.