281 Deputy Aengus Ó Snodaigh asked the Minister for the Environment, Heritage and Local Government the reason persons availing of affordable housing schemes must purchase their mortgages from the local authority, whose interest rates are in most cases higher than those of private lending institutions, thereby creating an additional financial burden on the buyer; if he has been advised that this may be an uncompetitive practice; the steps he will take to ensure that local authorities can offer the lowest mortgage rates or at least remain competitive in relation to affordable housing mortgages; and if he will make a statement on the matter. [31468/07]

Summary

281 Deputy Aengus Ó Snodaigh asked the Minister for the Environment, Heritage and Local Government the reason persons availing of affordable housing schemes must purchase their mortgages from the local authority, whose interest rates are in most cases higher than those of private lending institutions, thereby creating an additional financial burden on the buyer; if he has been advised that this may be an uncompetitive practice; the steps he will take to ensure that local authorities can offer the lowest mortgage rates or at least remain competitive in relation to affordable housing mortgages; and if he will make a statement on the matter. [31468/07]

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• Social and Affordable Housing.

  xml · EN · 28 November 2007

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