Pearse Doherty (Donegal, Sinn Fein)

I have been dealing with people throughout the State who are mortgage prisoners of vulture funds. They have seen huge interest rates being charged on their mortgages. The ECB has reduced mortgage rates on eight consecutive occasions but there seems to be no let up for those who are mortgage prisoners, and there are almost 100,000 of them. These are mortgages that are now with vulture funds. They are not reducing their rates in any significant way and, indeed, some customers have actually seen their rates increase. What is the Government going to do about this?

See this speech in context