Mr. Se?n McCabe:

From our conversations with the banks - I have engaged with three of them on a personal level - we have found that there is no reporting as regards defective block homeowners. There is no record taking, no statistics and no numbers. When someone phones a bank and speaks to the mortgage adviser, customer service or whatever the case may be, no record is being taken of that. The banks have no data on the situation relating to defective block homeowners.

When we met the Minister, he was particularly interested to hear that was the current situation. We also wanted to know if that was being reported in the Central Bank. For example, is there anything on record? Are there any data? Are any metrics going through from the institutions in regard to defective block homeownership? We do not believe that there are.