Dáil debates
Tuesday, 7 March 2023
Ceisteanna Eile - Other Questions
Tracker Mortgages
11:05 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
As I say, it should not be the case that those borrowers would be disadvantaged in regard to the application of the tracker redress or remediation scheme because of where their loan ended up. I will examine that issue. Of course, it is also the case that their tracker mortgage contract has to be fully honoured by the new loan owner. The Deputy said they were compensated, they got redress and their loan is now with the new loan owner. That loan owner has to fully honour and abide by the tracker.
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