143 Deputy Kevin Humphreys asked the Minister for Finance if his attention has been drawn to the fact that the Permanent TSB standard variable rate on a 25-year investment mortgage has increased from 3.84% in April 2009 to 6.84% today, while in the same period, the ECB rate dropped from 1.5% to 1%; if he agrees that these interest rate hikes will have an affect on the arrears or repossession rate and further cripple Irish financial institutions by making current loans unsustainable; if he has a strategy for addressing this problem; the details of that strategy; and if he will make a statement on the matter. [2205/12]

Summary

143 Deputy Kevin Humphreys asked the Minister for Finance if his attention has been drawn to the fact that the Permanent TSB standard variable rate on a 25-year investment mortgage has increased from 3.84% in April 2009 to 6.84% today, while in the same period, the ECB rate dropped from 1.5% to 1%; if he agrees that these interest rate hikes will have an affect on the arrears or repossession rate and further cripple Irish financial institutions by making current loans unsustainable; if he has a strategy for addressing this problem; the details of that strategy; and if he will make a statement on the matter. [2205/12]

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Timeline

1. 17 January 2012

   Banking Sector Regulation

   143 Deputy Kevin Humphreys asked the Minister for Finance if his attention has been drawn to the fact that the Permanent TSB standard variable rate on a 25-year investment mortgage has increased from 3.84% in April 2009 to 6.84% today, while in the same period, the ECB rate dropped from 1.5% to 1%; if he agrees that these interest rate hikes will have an affect on the arrears or repossession rate and further cripple Irish financial institutions by making current loans unsustainable; if he has a strategy for addressing this problem; the details of that strategy; and if he will make a statement on the matter. [2205/12]

   Source: written

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• Banking Sector Regulation

  xml · EN · 17 January 2012

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Sponsors

• Humphreys, Kevin. · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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