Paddy Burke (Fine Gael) | Oireachtas source

The new credit rating coming into effect for borrowers will be controlled by the Central Bank. Some borrowers have been brought under it since 1 June and there will be more coming on stream. The credit unions will be joining shortly. I am sure that will have an effect on the mortgage that the person gets as well, will it? In fact, people have got mortgages up to this who may have used a credit union for part of the deposit or they might have used different avenues to get a deposit. Will this put more pressure on people getting mortgages? Does Mr. McLoughlin see it as a good or bad development?