Paddy Burke (Fine Gael) | Oireachtas source

I also welcome the delegation. I have three brief questions.

Most contracts for employees are fixed-term contracts, whether of five years, seven years, ten years or whatever, and mortgages are from 25 to 30 years. Is it more difficult for a person on a five year contract to get a mortgage for 20 to 25 years? What happens if he or she is laid off after the five years? Are there any break clauses, for instance, to help the person out until he or she gets a new contract or a new job? Is it more difficult for borrowers to get a mortgage with these new contracts or how does a bank operate?