Oireachtas Joint and Select Committees
Wednesday, 1 March 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Investment Funds: Discussion
Peadar Tóibín (Meath West, Aontú) | Oireachtas source
It is clear that there is a two-tier mortgage market at the moment. There is no doubt that the people who went through the most difficulty in the past ten years are again being put to the pin of their collars. I do not believe there is anything being offered by the Government. The Government is not defending them. The Central Bank is not defending them. Nobody is protecting them. The vulture funds have free rein in the context of what they are doing to these families. This is going to have an enormous effect on how they live their lives. The suggestion about making sure the conditions of the original mortgage are adhered to by the subsequent owner is excellent. We should try our best to make sure we can have that included in either legislation or regulations as soon as possible.
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