256. Deputy Michael McGrath asked the Minister for Finance his views that it is an anomaly that the 20% minium deposit rule applies to non-first-time buyers with equity in their home who wish to trade up but does not apply to someone in negative equity who similarly wishes to purchase a new home; and if he will make a statement on the matter. [4686/15]

Summary

256. Deputy Michael McGrath asked the Minister for Finance his views that it is an anomaly that the 20% minium deposit rule applies to non-first-time buyers with equity in their home who wish to trade up but does not apply to someone in negative equity who similarly wishes to purchase a new home; and if he will make a statement on the matter. [4686/15]

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Timeline

1. 3 February 2015

   Mortgage Applications Approvals

   256. Deputy Michael McGrath asked the Minister for Finance his views that it is an anomaly that the 20% minium deposit rule applies to non-first-time buyers with equity in their home who wish to trade up but does not apply to someone in negative equity who similarly wishes to purchase a new home; and if he will make a statement on the matter. [4686/15]

   Source: written

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1 official file

• Mortgage Applications Approvals

  xml · EN · 3 February 2015

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Sponsors

• McGrath, Michael. · Asking member
• Finance · Finance · Addressed to

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