Written answers

Thursday, 11 May 2017

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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83. To ask the Minister for Finance the number of private dwelling home, PDH, and buy-to-let tracker mortgages to date and the current annual repayments for each, in tabular form; the amount by which the repayments would increase for every 1% increase in the European Central Bank base interest rate, in tabular form; and if he will make a statement on the matter. [22658/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Central Bank has advised me that it does not publish data on the particular basis requested.

However, the Central Bank has indicated that, as at end-2016, the value of PDH tracker mortgages in the Irish banking system, including securitised loans serviced by these institutions, was €37.9 billion. The equivalent value of BTL/holiday home tracker mortgages was €13.8 billion. The net repayments (new drawdowns minus repayments) of on-balance sheet PDH tracker mortgages, over 2016, amounted to €1.6 billion. The equivalent net repayments of on-balance sheet BTL/holiday home tracker mortgages, over 2016, was €1.1 billion.

(Source: Private Household Credit and DepositsTables A.18.1 and A18.2.)

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