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

Mr. Padraic Kissane:

Because the interest-only periods were either five years, seven years or ten years, it was from about 2012 onwards. It has happened. There is no basis on which affordability could have been established at the outset on a capital-interest basis over that shorter term.

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