Dáil Éireann Debate, Wednesday - 5 March 2014
62. Deputy Terence Flanagan asked the Minister for Finance if he will ensure that a duty of care is given by Government to safeguard mortgages holders of the Irish Bank Resolution Corporation who are concerned at mortgage interest rate increases if the loan book is sold; and if he will make a statement on the matter. [11166/14]
View answerIt is important to highlight that the contractual terms and conditions of all customer mortgages and other borrowings of Irish Bank Resolution Corporation have not changed as a result of the appointment of the Special Liquidators nor will those terms and conditions change as a result of the ultimate sale of these obligations to a third party. Purchasers of mortgage loans will be obliged to honour the legal terms of the loan agreements.
