Dáil Éireann Debate, Wednesday - 15 February 2017
126. Deputy Pearse Doherty asked the Minister for Finance if the staff of banks who are of the view that they were wrongfully moved off or denied a tracker rate mortgage are to be included in the tracker review being carried out by the banks; and if he will make a statement on the matter. [7586/17]
Amharc ar fhreagraThe Central Bank has confirmed that the scope of the Tracker Mortgage Examination covers all lenders which sold tracker mortgage accounts, including both for the family home and investment properties, up to the end of 2015. This includes mortgages: that originated on tracker interest rates; that had tracker interest rates applied at any stage during the term of the underlying mortgage agreements; and/or where the underlying mortgage agreements provided for contractual rights to or options for tracker interest rates at any stage during the term of the agreements.
All tracker mortgage accounts, including staff loans, that fall within this scope are covered by the Examination.
An update on the Examination is available on the Central Banks website at http://www.centralbank.ie/press-area/press-releases/Pages/UpdateTrackerMortgages.aspx.
