88. Deputy Declan Breathnach asked the Minister for Finance if he will liaise with the Central Bank to ensure that appropriate legislation is brought forward in order to compel banks and mortgage providers to offer distressed mortgages to local authorities at the same floor values at which they are being purchased by vulture funds; if the legislation will include a clause to require that local authorities would then enter into a Rebuilding Ireland home loan proposal or a mortgage to rent scheme proposal with the mortgage holder to allow them remain in their home; and if he will make a statement on the matter. [30684/18]

Summary

88. Deputy Declan Breathnach asked the Minister for Finance if he will liaise with the Central Bank to ensure that appropriate legislation is brought forward in order to compel banks and mortgage providers to offer distressed mortgages to local authorities at the same floor values at which they are being purchased by vulture funds; if the legislation will include a clause to require that local authorities would then enter into a Rebuilding Ireland home loan proposal or a mortgage to rent scheme proposal with the mortgage holder to allow them remain in their home; and if he will make a statement on the matter. [30684/18]

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• Mortgage Book Sales

  xml · EN · 11 July 2018

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