Sean Barrett (Independent) | Oireachtas source

I heard the figure of 92% from our visitors. We introduced the Mortgage Credit (Loans and Bonds) Bill in November 2012 in the Seanad. The success of Denmark is based on 80%. The figure of €90,000, €100,000 or €110,000 or whatever was given to a previous Minister to buy in a place in the K Club is irresponsible banking. I would ask that the figure of 80% not be exceeded in the interests of prudent banking lest we end up here in ten years' time doing the same again.