Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

What Mr. Stanley has said about Ulster Bank's role in respect of the Central Bank is fine. Representatives of the Central Bank will come before the committee and tell us to deal with Ulster Bank if we ask them about this. Can Mr. Stanley explain to the public the following? Someone has a tracker mortgage. It is stated in his or her conditions that in order to transfer from a tracker mortgage product to another mortgage product, the borrower must, among other things, first redeem the tracker mortgage loan, which should not happen in any of these cases. The customers in these cases fixed. It was never stated in any of the letters - Mr. Stanley may contradict me if I am wrong - that they would lose the option of a tracker mortgage at the end of the fixed period. At the end of the fixed period, Ulster Bank withdraws the tracker mortgage option, but Mr. Stanley believes they do not have a right to a tracker mortgage.