Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I will push Mr. Boucher a little further on the mortgage-to-rent programme. A reply to a recent parliamentary question I tabled shows that only one mortgage-to-rent application has made it completely over the line and the indication is that it was done by a sub-prime lender, neither by AIB nor Bank of Ireland. It would be an observation that maybe the sub-prime lenders are more realistic about current house values than the two pillar banks. Has a difficulty for Bank of Ireland in the mortgage-to-rent scheme been, because a price must be arrived at with the housing agency, whether the local authority or one of the voluntary agencies such as Clúid agrees the valuation of those properties?