153. Deputy Michael McGrath asked the Minister for Finance the Central Bank policy on banks providing bridging finance to elderly persons wishing to downsize to another property; if his attention has been drawn to the fact that such persons, many of whom have very significant positive equity, have to sell their home before they can purchase a smaller, more suitable property and that this is acting as a deterrent to them proceeding; and if he will make a statement on the matter. [37952/17]

Summary

153. Deputy Michael McGrath asked the Minister for Finance the Central Bank policy on banks providing bridging finance to elderly persons wishing to downsize to another property; if his attention has been drawn to the fact that such persons, many of whom have very significant positive equity, have to sell their home before they can purchase a smaller, more suitable property and that this is acting as a deterrent to them proceeding; and if he will make a statement on the matter. [37952/17]

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• Mortgage Lending

  xml · EN · 11 September 2017

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