Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

I thank the Deputy. I know the Minister for Finance, Deputy Michael McGrath, has taken an interest in this issue. He is doing some work in that regard at the moment. Many people who take out a loan or mortgage with a particular bank never contemplate the possibility that it could be sold on to a financial entity they may never even have heard of. While the contractual terms and conditions do not change, that is not the full picture. Some people are left facing much higher interest rates than they would have faced had the loan not been sold on. The way organisations conduct themselves can be different. There are no easy solutions. It is hard to impose solutions retrospectively but I know the Minister, Deputy McGrath, is very aware of this issue. He has taken an interest in it and is looking at options.

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