Oireachtas Joint and Select Committees

Thursday, 8 December 2016

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

Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland

9:30 am

Mr. Ed Sibley:

Not necessarily, but each borrower should have been assessed from an individual circumstances perspective to ensure the restructure is sustainable and suitable to their needs. In a significant number of cases, and it is approximately 40% across the system, that would result in lower repayments, through a split, potentially some type of concession, a part interest and capital repayment or an interest-only payment.