Stephen Donnelly (Wicklow, Independent)
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I thank Mr. Masding. My final question is about mortgage to rent which is not working. I was disappointed to see that permanent tsb does not have any mortgage to rent, neither does Bank of Ireland or Ulster Bank.

Mr. O’Sullivan mentioned that the levels are wrong for Dublin. There has to be more than that to the problem. I will not get into the specifics of the case but I am aware of a mortgage to rent case that permanent tsb followed through. It was agreed with a housing authority but in the end there was a dispute on the sale price and permanent tsb walked away, which is its right, and said it would not sell for that amount. What needs to be done to the mortgage to rent scheme to make it work?