Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

3:15 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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For those who start with a high LTV, if over time they are paying their mortgage or the value of their house increases and they can move to a lower LTV band, are they locked into the interest rate for the band in which their mortgage was drawn down or can they submit a revaluation and reduce the interest rate?