Brendan Griffin (Kerry, Fine Gael) | Oireachtas source

Pepper Finance recently wrote to some mortgage holder to inform them that the interest rate on their mortgages is increasing. In one case with which I am dealing, the rate is rising from 8.74% to 9.24%. That is more than double the ECB base rate. This is a disgrace, it is scandalous and it is putting people who are already experiencing enormous pressure under significant mental and financial strain. It is not right. I am asking the Minister to get in touch with C. Ryan, I. Wigglesworth, J. Farrelly, K. Desmond or A. Agafonova. They are the directors of Pepper Finance and their names are listed at the bottom of the letter to which I refer. Have they any shame? Have they any shame at doing this to people at this time, with an almost 10% annual percentage rate on people's mortgages? Do they know the mental anguish they are putting people through or the financial strain they are putting them under? I ask the Minister to intervene. He should contact those brave directors whose names are at the bottom of that letter. This is an absolute scandal and a disgrace.

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