Oireachtas Joint and Select Committees

Wednesday, 5 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Bank of Ireland

3:35 pm

Photo of Aideen HaydenAideen Hayden (Labour) | Oireachtas source

A colleague raised the buy-to-let issue and repossessions. I note Bank of Ireland repossessed 300 principal private residences in the first six months of the year and a further 300 buy-to-let properties. Are the witnesses aware of a report published recently by the Private Residential Tenancies Board, PRTB, in association with DKM Economic Consultants, Red C and the Economic and Social Research Institute, ESRI? It recommended an amendment be made to the forthcoming Residential Tenancies (Amendment)(No. 2) Bill to clarify legislation on properties in the hands of receivers, be they rent receivers or otherwise. The amendment would see receivers step into the shoes of landlords and acquire all of his or her obligations for the avoidance of doubt. Do the witnesses have a view on this PRTB recommendation? As I said, the PRTB report was produced with DKM Economic Consultants, Red C, the ESRI and Ronan Daly Jermyn.

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