Michael Creed (Cork North West, Fine Gael) | Oireachtas source

However, there is an excessive concentration on buy-to-let lending. Businesses have debts on other investments that are no longer tangible assets which are in danger of dragging down the core business. They may have made myriad non-productive investments, but they cannot repay the debts associated with them. Every business did not purchase a buy-to-let property and there are debts not associated with the core business, particularly in microenterprises, that need a different template to work out a solution. I take some comfort from the bank's commitment to keep the business open in all circumstances.

The representatives of the four banks who have now appeared before us agree that the mortgage-to-rent scheme is not working and that there are too many road blocks, but I am unclear as to where and what are these road blocks. Will the bank outline a brief summary of them? When it recommends people, what hurdles must be cleared? Where are the impediments to progress? Is it the local authority? We need more information if we are to work with the banks to refine the process because the scheme is one of the preferred solutions to ensure people stay in the house they call home. If we can do that in the context of this scheme------