Results 16,441-16,460 of 35,756 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: The leaflet came out in November 2006. Why is the date in February 2008 listed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: Was that even if someone had applied on the basis of that information but did not draw down until a later point?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: What about those who applied before November 2006? If I apply for a mortgage now, I might apply to ABC Bank and Bank of Ireland and ultimately decide on one. What about somebody who applied before November 2006 and who got the communication before deciding to sign the final offer, which was after November 2006? Would such people not be deemed affected?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: Surely their final decision would be influenced. They do not make a final decision until they make a final decision. Therefore, an inducement whereby one may move to a tracker rate at the end of the two-year fixed term has an influence. If I received a letter of offer from KBC Bank but had not decided on that bank and my broker advised me I would roll on to a tracker mortgage, I would sign...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: They have come forward, however. Mr. Verbraeken is saying the policy is that someone who was told by his broker that he would roll on to a tracker after taking out a mortgage with KBC Bank, which would involve a final letter, should not be deemed impacted. Surely to God it had an influence. The bank needs to revisit this policy. It will force victims to go to the bank, through the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: How many requests has the bank received from customers looking for reviews of decisions as to whether they are in scope? How many of those has the bank denied?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: There are individuals who have been communicating with members of this committee and who have told us that their final entry into a legal agreement with the bank was after the date of the flyer. Ms Deering said she wanted to hear their cases. Should we send the details to Ms Deering?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: There are 27 buy-to-lets which have been deemed impacted upon whereby the owners lost ownership of their properties. If an individual were to have taken out a mortgage with KBC for their own home and, as a result of the tracker scandal and not being able to keep up with payments once they were overcharged by the bank, or for other reasons such as having to leave the country for Perth, Canada...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: If a couple had two separate properties and they decide to let one, would that house be deemed a buy-to-let? If they had known a tracker rate applied to one of the houses, they would probably have moved into that one.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: They could both be with KBC.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: What criteria does the bank use to determine if somebody is deemed to have lost ownership of his or her home as a result of the tracker mortgage issue?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: Please do.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: The bank looks at what is the best case for the customer at a point in time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: There are a lot of grey areas and the bank is winding back the clock to some extent. Somebody may be marginally over the threshold and may have had to borrow from family members, etc. I assume there will be a lot of appeals.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: Has the bank committed to the committee that all the 2,500 customers who are currently on the wrong tracker rate will be restored to the correct tracker rate by the end of this month?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: Why has KBC not made the same commitment to its own customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: Is it correct that KBC sent out letters on 5 January?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: Has KBC written to them since stating they will be restored to the correct tracker rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: That brings me back to my original question. KBC has made the commitment to the committee. I appreciate that but it is an absolute disgrace that KBC has so many customers not on the right tracker rate. While it has made a commitment to this committee, it has not done so to the 2,500 impacted customers. It wrote to them on 5 January stating clearly that if the bank had not concluded a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)
Pearse Doherty: The letter stated if the customer had any queries on this to contact the bank's dedicated team at a dedicated number between 9 a.m. and 5 p.m. KBC has told this committee and the public that it will restore its customers by the end of February. However, it does not have the decency to tell its customers. There are no ifs or buts about it. That is completely and utterly wrong. We are...