Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Just to be clear and be fair, the terms of the split mortgage agreements that I have read that were entered into by Permanent TSB with customers give an exit clause to the loan owner at any point. One does not have to wait for the review. What it says is that for any reason that the bank, or now Pepper, thinks fit, it can terminate the split mortgage. It does not even have to wait for a review. That is what is said in the split mortgage agreements.