Oireachtas Joint and Select Committees

Tuesday, 23 January 2018

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

Tracker Mortgages: Allied Irish Banks

4:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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Let us examine who was denied a tracker mortgage by AIB. This cohort of individuals was contractually entitled to a tracker mortgage and the bank denied them the tracker mortgage. Then the bank switched 900 people who were on tracker mortgages and it denied them the right to go back on to the tracker mortgage and they had a contractual right to one. There were 939 on a margin and there were the 3,509. If we break down those four different categories of individuals into the 4,000 customers, did AIB deny every single person who was never on a tracker but had a contractual right to go onto one the chance to go onto a tracker during that period?