Dáil Éireann Debate, Wednesday - 18 September 2013
201. Deputy Michael Healy-Rae asked the Minister for Finance the position regarding switcher mortgages on tracker rates for the various lenders and their current positions in relation to same (details supplied); and if he will make a statement on the matter. [37758/13]
View answerFirstly, I must confirm to the Deputy that the lending institutions in Ireland, including those in which the State has a significant shareholding, are independent commercial entities and, as such, it is a commercial decision for each lender to decide what products they will provide including switching mortgages and keeping tracker rates.
It is not appropriate for me, as Minister for Finance, to comment on or become involved in the detailed mortgage position of mortgage holders.
The Deputy may wish to take up the matter with the Irish Bankers’ Federation.
