Brendan Burgess
Founder
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Fianna Fáil has issued a press release
Urgent Central Bank action needed to end discrimination against existing variable rate customers
Fianna Fáil Finance spokesperson Michael McGrath has called for direct engagement by the Central Bank with mortgage providers to secure a reduction in the standard variable rate charged to existing customers.
Deputy McGrath commented: “I have conducted an analysis of the interest rates that are charged to existing customers on tracker rates, standard variable rates (SVRs) and those that are available to new customers. It is clear that there is a wide and growing disparity with existing customers on SVRs very much at the bottom of the pile.
Interesting table:
Urgent Central Bank action needed to end discrimination against existing variable rate customers
Fianna Fáil Finance spokesperson Michael McGrath has called for direct engagement by the Central Bank with mortgage providers to secure a reduction in the standard variable rate charged to existing customers.
Deputy McGrath commented: “I have conducted an analysis of the interest rates that are charged to existing customers on tracker rates, standard variable rates (SVRs) and those that are available to new customers. It is clear that there is a wide and growing disparity with existing customers on SVRs very much at the bottom of the pile.
Interesting table: