Aideen Hayden (Labour)
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I was quite horrified to see that out of the bank’s buy-to-let loan book it is has appointed rent receivers to 1,618 of its 2,700 properties in arrears of more than 90 days. I chair a voluntary organisation that deals with people in the rental sector and I can assure Mr. Bell that rent receivers appointed to rental properties constitute a massive problem. This committee recommended, and a recent report by DKM Economic Consultants for the Private Residential Tenancies Board also recommended, that rent receivers be obliged legally by a change in the law to step into the shoes of landlords. We find that rent receivers come in, take the money, do not do essential repairs, evict people and do not give them their legal rights. Would Ulster Bank be prepared to accept such a change in the law?