Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

As regards residual debt, a thread running through the committee hearings is that the mortgage to rent scheme is simply not working. If a customer were deemed by the bank to be suitable for mortgage to rent, they would therefore surrender their home which would be sold to the housing agency. If there was €100,000 of residual debt, the customer remains in their home but would pay a rent to the housing authority. In all cases, however, the bank will continue to demand that they pay back the residual €100,000.