Seán Sherlock (Cork East, Labour) | Oireachtas source

When considering the BTL long-term solutions, Mr. O'Sullivan referred specifically to the reduced payment greater than the interest rate. In fairness to the bank, it has provided all the numbers comprehensively for us, which is to be welcomed. The figure of 1,351 is quoted. If there are 1,351 mortgage holders paying a reduced payment that is greater than the interest rate, wherein lies the risk? This committee is mindful of the tenants of those properties because of the problem of homelessness and if there is 92% performance on the loans, I wonder how those 1,351 will play out. Is there security of tenure? While the bank's first duty is to the mortgage holder, does it feel a social obligation to ensure there are tenants and that they have some security of tenure where those mortgages fail to perform?