Michael Comiskey (Fine Gael)

I welcome the news from Ulster Bank this morning of a move on tracker mortgages whereby if a person wants to move house, he or she can hold a section of the tracker mortgage and borrow anything extra. This will have a positive effect and I call on the banks we, for the most part, own - Bank of Ireland and AIB - to follow suit. This will give people an opportunity to upgrade. There was good work done in the budget for first-time buyers and initiatives like this would allow people to get back to the market. It is a good move and I call on the other banks to act similarly.