Results 6,741-6,760 of 8,342 for speaker:Peter Burke
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: That is absolutely incredible in terms of the failure of the system. PTSB issued a statement which I believe was its second statement following its intention to package loans. It stated in the last paragraph that, potentially, there are 1,000 customers who may be suitable for the mortgage-to-rent process. One can assume that those are unsustainable mortgages, yet Mr. McCarthy says such a...
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: With regard to ineligible, is that because they are outside the parameters in terms of income limits and the value of their property, be it in Dublin or outside Dublin?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: Who would put the cases forward if they did not meet the conditions of the scheme?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: Do the banks not know this?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: Can Mr. McCarthy talk through the precise process, step-by-step, for a private lender and an individual who has a mortgage with the lender when they wish to go through the mortgage-to-rent process? We have discussed how it works in the local authority sector. Logistically, how does it work in the private sector, step-by-step?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: It is established that it is an unsustainable mortgage. It is a hugely stressful process for a homeowner to go through in terms of realising that he or she might have to give up the home and rent it afterwards. That is massive in itself for a family. However, let us say somebody comes to that conclusion and wishes to enter this process. Where does the person go from there?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: To whom do they submit the application?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: I am sorry for interrupting, but let us assume that the criteria for social housing are met. To whom is the application submitted?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: Is that an approved housing agency or-----?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: The application is submitted to the agency. What happens then?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: It is seven.
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: Let us stop there and refer to the crystallisation process for the debt that is in this mortgage account. We were speaking earlier about the local authorities and I referred to €130,000 where the house is worth €65,000 so there is €65,000 to be crystallised. The Department has a budget for that. Is that correct, or where does it go?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: The Department does not offer anything to that. The lender takes that write down.
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: Will Ms Murray repeat that?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: In theory, the Department is relying on these seven agencies for the success of the scheme.
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: Where is the problem then, if the cases are so small? Something definitely does not make sense here.
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: It is a part of it but in terms of the approved housing bodies - the seven agencies - are they operating efficiently in relation to their component of the transaction?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: I accept that fully but it is not a ringing endorsement of the seven approved housing agencies. Is it fair to say that?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: Can Mr. McCarthy repeat that?
- Public Accounts Committee: Vote 34: Housing, Planning, Community and Local Government (8 Mar 2018)
Peter Burke: Who deals directly with the approved housing body on the application to finalise that end of the transaction?