130 Deputy Jim O’Keeffe asked the Minister for the Environment, Heritage and Local Government if his attention has been drawn to the difficulties with some financial institutions in relation to the advancing of mortgage moneys on affordable sites provided by local authorities in that some institutions insist on first charge not just for the amount of the mortgage but also for future advances in priority to the local authority claw-back charge; and if he has had discussions with the banking and other institutions to resolve this issue as it is causing serious problems for some owners of such affordable sites who are anxious to build their own homes. [22214/07]

Summary

130 Deputy Jim O’Keeffe asked the Minister for the Environment, Heritage and Local Government if his attention has been drawn to the difficulties with some financial institutions in relation to the advancing of mortgage moneys on affordable sites provided by local authorities in that some institutions insist on first charge not just for the amount of the mortgage but also for future advances in priority to the local authority claw-back charge; and if he has had discussions with the banking and other institutions to resolve this issue as it is causing serious problems for some owners of such affordable sites who are anxious to build their own homes. [22214/07]

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• Social and Affordable Housing.

  xml · EN · 4 October 2007

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