Results 841-860 of 5,587 for speaker:Kevin Humphreys
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: I would ask Mr. Boucher to re-engage with the Minister.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Is 62% of Bank of Ireland's mortgage book in trackers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Bank of Ireland sets variable interest rates on mortgages. What role does an opinion poll play in setting those rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Does Bank of Ireland use polls from RED C and such organisations in setting rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: I am asking whether the setting of rates is technical. Does Bank of Ireland get an opinion poll on whether it should increase rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: It is a "Yes" or "No" question. Would Bank of Ireland really use an opinion poll to set rates?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: It is a technical process of how the market stands. That is grand.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: It is going somewhere. I will leave it for one minute.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Can I have two more questions? I have not gone over three minutes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Does Bank of Ireland set targets for mortgage advisers to reduce the number of its trackers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Bank of Ireland wrote to several of its customers in October and sought to share information in respect of a RED C opinion poll. To me it seems like trying to trick people off trackers. The letter from Bank of Ireland implies that there are better products available and that Bank of Ireland will be in contact. If the only information relates to RED C research, does that amount to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: There was an ugly face of banking previously and I would hate to think we are going back that way. The beginning of the letter states that the bank wishes to share with its valued mortgage customers some interesting findings from research carried out recently among similar homeowners who have mortgages on a tracker rate. The research was conducted by RED C in August in 2012. To be honest,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: I will do so at a later stage. Is Mr. Boucher aware of the letter? Did he approve it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Mr. Boucher is saying there is a better fixed-rate product on the market than current tracker mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Let me finish the question. Tracker mortgages are currently between 1.75% and 2.75%, assuming 1 percentage point above the base rate. Is there a better package than that at the moment? Does Bank of Ireland have a better package at the moment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: In the medium term tracker mortgages are the best for Bank of Ireland customers. Mr. Boucher stated earlier that trackers are non-profitable. It is in Bank of Ireland's interest to try to push people off trackers. To me RED C data is not something that should be used to make a decision on what interest rates one pays.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: They are not looking to do that. Bank of Ireland is looking for them to switch.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: Mr. Boucher referred to when a customer wants to change but the bank is looking for the customer to change. The customer is not looking to change.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: I put it to Mr. Boucher that Bank of Ireland is trying to trick or push people on tracker mortgages onto a higher interest rate mortgage. This will push more people into debt stress. I do not believe Bank of Ireland is acting in good faith with these customers. I put that to Mr. Boucher directly.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kevin Humphreys: I take it that will not be part of my time at this stage.