Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Well, this is the proposition I want to talk out with you now, okay. And further to that then, we had a ... in the residential market. Concurrently to that we have the buy-to-let market, where there is significant mortgage interest relief for the investor. And, as you said earlier, in fact, a high level of interest on the loan is advantageous to the buy-to-let owner because they get a relief on it. This is also adding to the inflation of property-----

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