Joan Burton
Ceist:51. Deputy Joan Burton asked the Minister for Finance the estimated number of accounts affected by the tracker mortgage scandal; and if he will make a statement on the matter. [50718/17]
Amharc ar fhreagraThursday, 30 November 2017
Ceisteanna (51)
Freagraí scríofa
The Central Bank has advised that as at the end of September 2017, 13,000 impacted accounts had been identified by lenders in the course of the Tracker Mortgage Examination. Lenders' overall reviews are subject to ongoing assurance work and vigorous challenge by the Central Bank.
The 13,000 impacted accounts figure will increase in light of recent decisions by certain lenders to include previously disputed cases in the Examination. As the Central Bank progresses its assurance work and other lenders are similarly challenged this number may increase further.
It should also be noted that this figure of 13,000 impacted accounts does not include a further 7,100 impacted accounts which were resolved in the pre-Examination period.
The Central Bank will continue to provide public updates as the phased Examination progresses to conclusion, including a report to myself in mid-December.