Oireachtas Joint and Select Committees

Wednesday, 21 June 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Investment Funds (Resumed): Irish Mortgage Holders Organisation

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

Pepper has obviously assessed Mr. Byrne's case and Mr. Byrne understands it will reject that offer. Is that correct? Mr. Byrne is a person who has paid everything, so Pepper is basically saying it will get the €305,000 off him and it will continue to squeeze him for an interest rate of 7.25%, which will probably go up to 8% before the end of the year, and because he is a person who will stretch himself to the limit, Pepper will continue to bleed him.

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