Oireachtas Joint and Select Committees
Wednesday, 25 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
3:40 pm
Aideen Hayden (Labour)
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My question specifically relates to the tenants, although in respect of landlords there is a clear issue around the fragile recovery of the market. There is evidence that the buy-to-let market is being targeted as the property market recovers. My main interest is in the position of tenants. Mortgages in the buy-to-let market were granted specifically on the basis that there would be tenants in occupation of the properties in question. As the Governor noted, consumer protection comes within the mandate of the Central Bank. Therefore, protection of tenants is part of its mandate as they have an equitable interest in the situation.