320 Mr. Durkan asked the Minister for the Environment, Heritage and Local Government if his attention has been drawn to the fact that those qualifying for shared ownership loans, who opt to buy out the remaining equity in their property in any year subsequent to taking out the mortgage will automatically activate the claw back in full, whereas, those who can avail of a loan from a financial institution are not so penalised; the way this compares with the terms offered to the recipients of the various private sites or affordable housing schemes available to residents in the Dublin area; the way in which it transpires that some financial institutions are in a position to offer a mortgage at a repayment rate of up to €200.00 per month below that available through shared ownership loans involving approximately 50 percent of the equity, with the balance by way of rent; and if he will make a statement on the matter. [30422/06]

Summary

320 Mr. Durkan asked the Minister for the Environment, Heritage and Local Government if his attention has been drawn to the fact that those qualifying for shared ownership loans, who opt to buy out the remaining equity in their property in any year subsequent to taking out the mortgage will automatically activate the claw back in full, whereas, those who can avail of a loan from a financial institution are not so penalised; the way this compares with the terms offered to the recipients of the various private sites or affordable housing schemes available to residents in the Dublin area; the way in which it transpires that some financial institutions are in a position to offer a mortgage at a repayment rate of up to €200.00 per month below that available through shared ownership loans involving approximately 50 percent of the equity, with the balance by way of rent; and if he will make a statement on the matter. [30422/06]

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Timeline

1. 28 September 2006

   Housing Grants.

   320 Mr. Durkan asked the Minister for the Environment, Heritage and Local Government if his attention has been drawn to the fact that those qualifying for shared ownership loans, who opt to buy out the remaining equity in their property in any year subsequent to taking out the mortgage will automatically activate the claw back in full, whereas, those who can avail of a loan from a financial institution are not so penalised; the way this compares with the terms offered to the recipients of the various private sites or affordable housing schemes available to residents in the Dublin area; the way in which it transpires that some financial institutions are in a position to offer a mortgage at a repayment rate of up to €200.00 per month below that available through shared ownership loans involving approximately 50 percent of the equity, with the balance by way of rent; and if he will make a statement on the matter. [30422/06]

   Source: written

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• Housing Grants.

  xml · EN · 28 September 2006

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Sponsors

• Durkan, Bernard J. · Asking member
• Minister for the Environment, Heritage and Local Government · Minister for the Environment, Heritage and Local Government · Addressed to

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