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Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: There are 91,291 families in mortgage arrears. If one accepts that there are typically three people in a household, this means approximately one third of a million people-----

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: I usually get 30 seconds to do so.

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: One third of a million families are locked into struggles on this issue.

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: The point I was trying to make earlier is that typically there are three people in a household and that given there are 91,000 mortgages in arrears this means that nearly one third of a million people are locked into this struggle, most of whom are people in my age category and are likely to have young families. There is a real human tragedy at the heart of this particular issue. It is...

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: -----this means that problems are either being kicked down the road or that a family will lose its home. Given this human catastrophe, which is affecting almost one third of a million people, what new initiatives does the Government propose to introduce to alleviate the pain for these families?

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: The problem I have is that voluntary repossessions are often recorded as solutions. I have worked with more than 100 people in mortgage distress. Voluntary repossession is often a euphemism for, "There's no choice left for you but to go". I would like to focus at this point on the mortgage-to-rent scheme. According to the Labour Party, 3,500 people will avail of this scheme. Since...

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: It is Question Time.

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: I am building the context of the question, a Cheann Comhairle.

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: The point is that the State-owned banks have delivered only 15 mortgage-to-rent solutions.

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: I understand there has been-----

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: There are elements of what the Government has done that we believe are unfair. What new initiatives is the Government-----

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: -----going to introduce to ensure this-----

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: A Cheann Comhairle, this-----

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: A Cheann Comhairle, in fairness-----

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: The Minister, when responding, was given more than five minutes to do so.

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: We get very little time to ask questions.

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: If the Ceann Comhairle did not continually interrupt me-----

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: It is very hard for me to ask my question when I am being constantly interrupted.

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: I would be able to put my question in the time allocated if I was not being continually interrupted.

Other Questions: Mortgage Arrears Proposals (14 Jan 2016)

Peadar Tóibín: It is unfair.

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