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Dáil
‹ Order of Business

Buy-to-let landlord insolvencies

Summary

Richard Boyd Barrett warns that distressed buy-to-let mortgages could leave tens of thousands of tenants facing eviction and seeks stronger protections. The Taoiseach directs him to the forthcoming housing debate and says the Government is preparing a wider response.

There are 240,000 mortgages for buy-to-let properties in the country of which 35% to 40% are now in distress and thousands are facing insolvency. This affects up to 60,000 or 70,000 tenants who may be paying their rent but could face eviction because their landlords are insolvent. Where is the legislation to update the receivership guidelines to give some protection to tenants with families who have paid their rent and have a right to expect security of tenure of the roof over their heads, but who through no fault of their own face the possibility of being thrown out on the street, as is happening as we speak? They are being forced on to housing lists when no local authority houses are available. They are even facing the prospect of their families being thrown into emergency housing accommodation. Where is the legislation?

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Enda Kenny The Taoiseach Fine Gael

The Deputy should make his contributions during tomorrow's debate on the matter, which is part of the continuing discussions the Government has agreed to with regard to housing, homelessness and pressure on people in a variety of sectors. I would be glad to hear him expand on the detail to which he has already referred. Obviously, when the Minister replies there will be an indication of when amending legislation or whatever is necessary can be drafted. The Government also intends to bring forward a comprehensive response to the construction crisis given the necessity to provide housing for so many people where pressure has built up in recent years.

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