Paul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source

I thank the Minister for his reply. I understand the regulatory framework, but when my constituents, Derek and Sandra, attended my clinic last week and told me about their mortgage application, it was very difficult as a Member to explain to them why we have such a large stake in the ownership of many of these banks and yet they feel they are being treated unfairly. I accept the statement by the banks that there will be no delay, but I fear we are just pushing this process on to the next stage, because the issue my constituents had concerned their ability to draw down a previously approved mortgage. They have not been in any way impacted financially, they continue to receive the same remuneration from their employer and their employer assures them that there is no long-term financial difficulty, yet they are not able to draw down the mortgage. I urge the Minister to press the banks on both these issues.

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