Written answers

Tuesday, 7 November 2017

Department of Finance

Tracker Mortgage Examination Data

Photo of Michael HartyMichael Harty (Clare, Independent)
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179. To ask the Minister for Finance the number of persons in County Clare that have been affected by the tracker mortgage scandal; and if he will make a statement on the matter. [46698/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank has advised that it does not have data at the level of granularity as requested by the Deputy.

However, at an aggregated national level, the recent Central Bank update on its tracker mortgage examination (see attached www.centralbank.ie/news/article/statement---tracker-mortgage-examination) indicated that circa 13,000 affected customers have been identified to date through the Examination, the majority of whom will receive their redress and compensation before the end of the year. Prior to the commencement of the industry wide Tracker Examination, the Central Bank ensured a further 7,100 cases involving tracker mortgage issues were rectified and remedied. The Central Bank has indicated that it will continue to push lenders using all of its powers to ensure that all affected customers are identified and included in redress and compensation programmes. 

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