Oireachtas Joint and Select Committees

Wednesday, 17 January 2024

Committee on Budgetary Oversight

Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion

Photo of Patricia RyanPatricia Ryan (Kildare South, Sinn Fein) | Oireachtas source

I agree. I am dealing with people who are in homes owned by vulture funds. They are worried about when they turn 65 and are no longer able to work. How are they going to keep a roof over their heads and pay €1,500 to €1,700 per month to do so? It is becoming a huge problem for the people who are coming through my door in my constituency.

With regard to mortgage interest relief, particularly those standard variable loans already sold to vulture funds, and passing an increased cost risk to the relief scheme, have any of our guests had any further engagement with the Minister, Deputy Michael McGrath, on pathways for mortgages to return to high-street banking entities from non-banking vulture funds to protect mortgage holders from price gouging?

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