Oireachtas Joint and Select Committees
Thursday, 17 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Resolution of Non-Performing Loans: Discussion (Resumed)
10:00 am
Kieran O'Donnell (Fine Gael) | Oireachtas source
I had an example of that recently. If one looks at the problem based just on accounting and financial principles, that is fine. A person approached me recently looking to avail of the mortgage-to-rent scheme. They were under phenomenal pressure to keep up the mortgage repayments, any mortgage repayments. They had young children. They were putting money aside to pay the mortgage, which should have been spent on other needs. I refer to the human aspect of this problem. The children were in school in local schools. The problem is this. If Mr. Burgess bases his model on scrapping the mortgage-to-rent scheme, it will require this family to get social housing in the same area. In a lot of cases-----
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