Mr. John McCarthy:

One of the issues raised with us when we were doing the review was that it was very much left to the bank to decide whether it put a particular client in the direction of the mortgage-to-rent scheme. Where it chose not to do so, no one really knew why. One of the requirements we have introduced is that where a bank is not going to put a client towards the mortgage-to-rent scheme, it must set out in writing why that is the case.