143 Deputy Richard Bruton asked the Minister for the Environment, Heritage and Local Government if the value of a council’s equity in a house sold under shared ownership reduces in proportion to the fall in the market price of the house; if he will make arrangements whereby persons who are forced to sell their home would see an equitable share of the loss and value borne by the council; if he will indicate in the event of a forced sale the ranking in priority in access to the proceeds of the mortgage holder and of the local authority who has a share in the home; and if he will make a statement on the matter. [43432/10]

Summary

143 Deputy Richard Bruton asked the Minister for the Environment, Heritage and Local Government if the value of a council’s equity in a house sold under shared ownership reduces in proportion to the fall in the market price of the house; if he will make arrangements whereby persons who are forced to sell their home would see an equitable share of the loss and value borne by the council; if he will indicate in the event of a forced sale the ranking in priority in access to the proceeds of the mortgage holder and of the local authority who has a share in the home; and if he will make a statement on the matter. [43432/10]

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• Local Authority Housing

  xml · EN · 18 November 2010

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