Seanad debates
Tuesday, 2 July 2013
Order of Business (Resumed)
3:15 pm
Lorraine Higgins (Labour) | Oireachtas source
The reality is the banks took a gamble in offering tracker mortgages some time ago, this has not worked out and they are attempting to shift the goalposts. I would say to those on tracker mortgages that the banks must live with this situation and it is very much a commercial reality. In the circumstances, I ask that the Minister for Finance come to the House to debate this matter further because it is a serious issue when the banks of Ireland are using their influence to get customers to change their mortgage terms and conditions.
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