Mr. David Hall:

When we launched the mortgage-to-rent programme through iCare many of the backbench Government Deputies were infuriated at the fact that we were successful in launching it. It was something many politicians asked banks, the Department of Housing, Planning and Local Government and the Department of Finance to do. There was no brain surgery involved. This was just pure common sense. There was already a mortgage-to-rent infrastructure in existence but it could not happen because the banks said it could not happen. Advice has been sought from the banks and their views have been taken as read. Banks have lied repeatedly for decades and it beyond me why we still take their word but they have shaped policy and shaped legislation and this is the legislation they now need to be delivered upon them without even asking their views.