24 Deputy Jerry Buttimer asked the Minister for Finance if provision has been made for the large number of interest only loans and mortgages, many of which were taken on the assumption that it would be possible to sell properties at a profit within a few years, which are likely to mature over the next number of years and thereafter oblige borrowers to repay capital and interest; and if he will make a statement on the matter. [25281/11]

Summary

24 Deputy Jerry Buttimer asked the Minister for Finance if provision has been made for the large number of interest only loans and mortgages, many of which were taken on the assumption that it would be possible to sell properties at a profit within a few years, which are likely to mature over the next number of years and thereafter oblige borrowers to repay capital and interest; and if he will make a statement on the matter. [25281/11]

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Timeline

1. 21 September 2011

   Interest Rates

   24 Deputy Jerry Buttimer asked the Minister for Finance if provision has been made for the large number of interest only loans and mortgages, many of which were taken on the assumption that it would be possible to sell properties at a profit within a few years, which are likely to mature over the next number of years and thereafter oblige borrowers to repay capital and interest; and if he will make a statement on the matter. [25281/11]

   Source: written

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• Interest Rates

  xml · EN · 21 September 2011

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Sponsors

• Buttimer, Jerry. · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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