Mr. Liam McLoughlin:

I will first provide figures and then address the scheme. Bank of Ireland has proposed 226 cases as part of the mortgage-to-rent scheme. Of these, 90 are proceeding and 136 did not meet the criteria. We had a very good discussion about some of the issues arising from the scheme at our meeting in April. Since then, Bank of Ireland has been involved in active discussions with the various parties, including the approved housing boards and the Department. I believe we are close to producing a very good protocol in this area. A meeting will take place in the final week of November to bring the matter to a conclusion. We are moving to a much better position in regard to the scheme.