Seanad debates

Tuesday, 25 January 2011

2:30 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael)

I do not doubt the Leader's intentions.

I refer to a serious matter, namely, the huge shortage in the mortgage lending area. We had hoped the property market was poised for something of a lift-off, having hit the bottom, so to speak, without further falls. Despite the commitment given on many occasions by the Government that a certain level of funding was to be earmarked for that sector, many people with genuine cases have been unable to get approval from any financial institution. The system is clogged up given there is so much availability and so many deserving cases await approval. What can Members or the Leader do, using his good offices, to ensure, in the dying days of the Government, a return to what was intended in respect of the financial institutions?

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