Dáil debates

Thursday, 22 June 2023

Ceisteanna Eile - Other Questions

Mortgage Resolution Processes

11:10 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I raise again the plight faced by workers and families whose mortgages were sold on to vulture funds without their consent. These sales were supported and facilitated by both Fine Gael and Fianna Fáil. As a result of interest rate hikes, these borrowers are now facing rates of as high as 8%. They are forking out thousands more in interest every year because the vulture funds now hold their loans. What will the Government do to ensure the wrong that Fine Gael and Fianna Fáil facilitated and presided over is righted and redressed and these mortgage prisoners are protected?

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