85 Deputy Willie Penrose asked the Minister for Finance if he will take steps to request the various financial institutions to facilitate without penalty people who are on fixed rate mortgages with the particular institution to transfer to variable rate mortgages particularly in view of the financial and economic circumstances, whereby people’s salaries are being reduced or the number of days they are working each week is being reduced; if his attention has been drawn to the fact that some financial institutions have permitted their clients a change without penalty to a variable; if same will be discussed with all institutions who provide mortgages that this is appropriate in the current circumstances; and if he will make a statement on the matter. [14027/09]

Summary

85 Deputy Willie Penrose asked the Minister for Finance if he will take steps to request the various financial institutions to facilitate without penalty people who are on fixed rate mortgages with the particular institution to transfer to variable rate mortgages particularly in view of the financial and economic circumstances, whereby people’s salaries are being reduced or the number of days they are working each week is being reduced; if his attention has been drawn to the fact that some financial institutions have permitted their clients a change without penalty to a variable; if same will be discussed with all institutions who provide mortgages that this is appropriate in the current circumstances; and if he will make a statement on the matter. [14027/09]

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Timeline

1. 2 April 2009

   Mortgage Agreements.

   85 Deputy Willie Penrose asked the Minister for Finance if he will take steps to request the various financial institutions to facilitate without penalty people who are on fixed rate mortgages with the particular institution to transfer to variable rate mortgages particularly in view of the financial and economic circumstances, whereby people’s salaries are being reduced or the number of days they are working each week is being reduced; if his attention has been drawn to the fact that some financial institutions have permitted their clients a change without penalty to a variable; if same will be discussed with all institutions who provide mortgages that this is appropriate in the current circumstances; and if he will make a statement on the matter. [14027/09]

   Source: written

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Documents

1 official file

• Mortgage Agreements.

  xml · EN · 2 April 2009

  ViewDownloadOpen at official source

Sponsors

• Penrose, Willie. · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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