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

Mr. Bernard Byrne:

We have said that those people, under that contract at the time that they came into being, were offered a renewal, if their original offer was, for example, a fixed rate, and would have been offered a variable rate or an additional fixed rate. There was no prevailing rate tracker in place at that time so we did not offer one.