Honohan on buy-to-let mortgages: what was said
The following is a transcript of part of a speech delivered last night by Patrick Honohan, governor of the Central Bank, on the need for banks to take action on investment mortgages.
The following is a transcript of part of a speech delivered last night by Patrick Honohan, governor of the Central Bank, on the need for banks to take action on investment mortgages.
"The buy-to-let sector is more complex, including as it does a wide range of different circumstances, sometimes including extended family arrangements.
It would be unwise to generalise, but **there are many circumstances in which there is less reason to be inhibited about repossessing...
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