Mortgage Schemes

Dáil Éireann Debate, Thursday - 12 December 2013

Thursday, 12 December 2013

Questions (59)

Lucinda Creighton

Question:

59. Deputy Lucinda Creighton asked the Minister for Finance his views on the latest developments of multiple domestic Irish Banks restarting buy to let mortgage lending including a new non-banking firm (details supplied) entering the market; if he is monitoring the extent to which these mortgages are being loaned geographically in Ireland and that there is no disproportionate concentration of lending into the rising Dublin housing market; and if he will make a statement on the matter. [53623/13]

Written answers

Minister for Finance

As the Deputy may be aware, there are signs of rising demand for rental properties through increased rents, in some urban centres. Increased lending in the buy to let sector where the business case is evident can address a particular problem and help stabilise rents.

The Central Bank, as part of its regulatory function will have a key role in monitoring the activities and attendant risks in this area.