Dáil debates
Wednesday, 13 May 2009
Mortgage Redemption Fees.
3:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
It is for the period of time of the fixed rate mortgage. I also stated:
The mortgage lender must repay the money at this agreed rate. There is a cost to the institution if the fixed rate agreement is terminated before the agreed term, which gives rise to the redemption fee charged in these cases.
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