Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

And I recall at the time ... I think the general figure was there was about €1 billion going into rent supplement at its peak, and one could put forward a proposition that the buy-to-let investor had a very, very preferential mortgage compared to the home buyer because the interest rate rebate that they were getting were better than the home buyer. So the State, through one measure and another, was assisting the buy-to-let purchaser to purchase the property and was also putting €1 billion in the other side to help the person to actually rent the property. Would you have any comment on that?

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