Ciarán Lynch (Cork South Central, Labour)
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Looking to the future, when I hear people talk about recovery in the property market, it frightens the life out of me. What we all want to see is a normalisation of the market. What I mean by this is that we want to see prudential lending practices that ensure we do not see a property bubble, massive house price inflation and that we see a realistic level of affordability in the property market. This requires new lending to take place and this must be on prudential grounds, a practice that went out the window in recent years. Will AIB give us a brief account of where this new lending is taking place? I saw a tweet earlier from AIB and see it is quite active in providing information on the ten steps to getting a mortgage and providing other similar advice. What is the position on new lending currently? Following that, I will just have two or three more questions.