Frank O’Rourke TD says the Government must do more to secure a better deal for mortgage holders from banks operating in Ireland and should provide legal aid to those that are currently in dispute with the banks in relation to the tracker mortgage scandal
“The latest examples of bank customers caught up in the tracker mortgage scandal, reports that profits in banks here are three times the EU norm and the interest rates that the banks charge their customers in Ireland are the highest in the EU, are all examples of the how the banks operating here are not giving their customers fair play.”
“As I said earlier this year, for example, the interest rate on all new mortgages, fixed and variable, stood at 3.3% in June compared to a Euro area rate of 1.83%. This means that a borrower with a mortgage of €200,000 is paying €250 per month more than they would be paying in the average Euro area country.” Continue reading “O’ROURKE WANTS LEGAL AID FOR THOSE HIT BY TRACKER SCANDAL”