Dáil Éireann Debate, Tuesday - 20 March 2018
110. Deputy Pearse Doherty asked the Minister for Finance the number of homes or buy-to-lets lost after the Central Bank wrote to the lenders in December 2015, respectively, by lender, as a result of the tracker mortgage scandal; and if he will make a statement on the matter. [12811/18]
Amharc ar fhreagraThe Central Bank has advised that, as of end-December 2017, lenders have reported that loss of ownership has occurred in respect of 41 private dwelling homes and 100 buy to let properties arising from their failings to their tracker mortgage borrowers. However, it should also be noted that, as lenders’ analyses continues, this figure can be expected to rise. The Tracker Mortgage Examination continues to be a priority for the Central Bank and it will continue to challenge lenders in respect of the conduct of the Examination. A further Central Bank progress report will be submitted to me in due course on the basis of end March 2018 data from lenders.
