Dáil debates

Thursday, 10 July 2014

Strategic Banking Corporation Bill 2014: Committee and Remaining Stages

 

2:20 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

In regard to amendment No. 1, and we are also dealing with amendments Nos. 11, 13 and 14, I want to deal with the issue of social housing. While I know the amendments are brought forward in good faith, I am not sure how the mortgage distress side would work out and whether we would use this company to provide credit to those who have mortgages in distress so they could pay back all of the capital that is outstanding on their loans, and have a mortgage with this bank that offers lower interest rates. I am not sure if that is the suggestion here and perhaps Deputy Boyd Barrett can elaborate on that.

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