189. Deputy Maureen O'Sullivan asked the Minister for Finance his plans to promote the incentive involving negative equity mortgages offered by Bank of Ireland and other banks whereby a home owner could sell their house and move to a more suitable house, adding their savings to the purchase price and taking the mortgage with them at its existing level; the reason this incentive is not being rolled out on a greater scale to help curb problems with the mortgage arrears crisis here; and if he will make a statement on the matter. [49458/12]

Summary

189. Deputy Maureen O'Sullivan asked the Minister for Finance his plans to promote the incentive involving negative equity mortgages offered by Bank of Ireland and other banks whereby a home owner could sell their house and move to a more suitable house, adding their savings to the purchase price and taking the mortgage with them at its existing level; the reason this incentive is not being rolled out on a greater scale to help curb problems with the mortgage arrears crisis here; and if he will make a statement on the matter. [49458/12]

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• Negative Equity Mortgages Numbers

  xml · EN · 13 November 2012

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