Results 5,181-5,200 of 6,944 for speaker:Michael McNamara

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: 20%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: What are the variable rates? How are they determined? Is it purely loan to value, or are there other considerations or objective criteria?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: Are there other criteria, or is it just loan to value? Is it just purely an objective variable rate based on the loan to value?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: What fixed rates is PTSB offering at the moment?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: Have the two recent ECB rate increases yet been reflected in PTSB's variable and fixed rates? Can the witnesses say whether PTSB is anticipating that they will be reflected soon? They can answer the first question but may not want to answer the second.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: I do not have any further questions. Perhaps Deputy Durkan has some questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: I thank the witnesses for their time. I appreciate that it is late. It is good that Ulster Bank is going to remain open in Shannon. There have been a lot of bank closures everywhere across Ireland, including in County Clare. It is good to see the PTSB bucking the trend.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: It is. It is in a great position.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: Mr. Farrell mentioned that 20% of PTSB customers are on tracker mortgages.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: They are obviously in a good place. Banks, including PTSB, were trying to get people off tracker mortgages, legitimately and illegitimately for a long time. I do not want to go back into that. If all those people come off tracker mortgages now and get a four-, five- or seven-year fixed rate, they are going to have to pay more money. Their mortgages are going to cost them more, immediately,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: I was never on a tracker mortgage, so I was never aware of that. So, there are people already who, once this new rate increase kicks in, could be paying close enough to the lowest fixed rate available?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: At some point tracker mortgages, even if there is a low margin, will probably exceed the rate that people could fix at now.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: Typically how long does it take for somebody who wants to fix a mortgage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)

Michael McNamara: The bank has different fixed rates based on insulation.

Written Answers — Department of Education and Skills: School Transport (20 Sep 2022)

Michael McNamara: 357. To ask the Minister for Education and Skills if the case of a child (details supplied) who has no school transport will be addressed; and if she will make a statement on the matter. [46009/22]

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Eligibility (20 Sep 2022)

Michael McNamara: 390. To ask the Minister for Employment Affairs and Social Protection if entitlements to a benefit payment are restricted to those who ceased employment in 2019, 2020 and subsequent years; and if she will make a statement on the matter. [45939/22]

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Eligibility (20 Sep 2022)

Michael McNamara: 391. To ask the Minister for Employment Affairs and Social Protection if persons who took early retirement in 2016 are entitled to a benefit payment for the 12 months up to and reaching the age of 66 years; and if she will make a statement on the matter. [45940/22]

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Eligibility (20 Sep 2022)

Michael McNamara: 392. To ask the Minister for Employment Affairs and Social Protection the rationale for excluding persons aged 65 years from a benefit payment depending on when they ceased employment; and if she will make a statement on the matter. [45941/22]

Written Answers — Department of Health: Covid-19 Pandemic (20 Sep 2022)

Michael McNamara: 538. To ask the Minister for Health when persons (details supplied) in County Clare will receive their Covid-19 recognition payment for frontline workers; and if he will make a statement on the matter. [45821/22]

Energy Security: Motion [Private Members] (21 Sep 2022)

Michael McNamara: I very much welcome this motion from the Rural Independent Group. I will support the motion if I am not called upon to pair with a committee Chair who has to be elsewhere. It is a very important motion in that it recognises, as most people recognise, that we would like to move to renewables. We also have to realistic about the fact that we will not achieve that in a couple of days, weeks...