Enda Kenny (Mayo, Fine Gael) | Oireachtas source

Government wants to have a fair and transparent process for dealing with all of those cases that are in distress. I have pointed out on many occasions that this is about ensuring that a resolution, and a solution, can be got in each individual case, which are all different, in order that the people concerned can be taken out of the limbo they are in and contribute to the economy. The last resort clearly identified by Government, and referred to by banks, is the question of repossession of any of these houses. The vast majority of people involved in this can have resolutions brought about for their security and their future in a way that does not involve repossession.

The Government will deal with the question of the loophole in the law because that loophole was being used by some lending institutions to say they cannot settle with clients in particular positions. It is only to have a process that is fair and transparent in the interests of the clients to ensure they will not lose their houses but will have a resolution they can meet and with which the lending institutions are satisfied.

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