30 Deputy Bernard J. Durkan asked the Minister for the Environment, Community and Local Government if, in the wake of the Keane report, any evaluation has been done of the shared ownership mortgage scheme operated through the local authorities; the extent to which the flaws in the scheme have emerged, with particular reference to the extent to which borrowers at a vulnerable end of the market are being forced to pay well in excess of a mortgage instalment while potentially owning only half of the property; the provision for the remaining equity to remain in the ownership of the owner; if he will ensure that the scheme is amended and that provision can be made for borrowers under the scheme to dispose of the property in a fair and equitable way and ensure that such borrowers are not forced to live indefinitely in overcrowded conditions which did not apply at the time of purchase and where relocation may be necessary for a variety of reasons including employment; and if he will make a statement on the matter. [37655/11]

Summary

30 Deputy Bernard J. Durkan asked the Minister for the Environment, Community and Local Government if, in the wake of the Keane report, any evaluation has been done of the shared ownership mortgage scheme operated through the local authorities; the extent to which the flaws in the scheme have emerged, with particular reference to the extent to which borrowers at a vulnerable end of the market are being forced to pay well in excess of a mortgage instalment while potentially owning only half of the property; the provision for the remaining equity to remain in the ownership of the owner; if he will ensure that the scheme is amended and that provision can be made for borrowers under the scheme to dispose of the property in a fair and equitable way and ensure that such borrowers are not forced to live indefinitely in overcrowded conditions which did not apply at the time of purchase and where relocation may be necessary for a variety of reasons including employment; and if he will make a statement on the matter. [37655/11]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Shared Ownership Scheme

  xml · EN · 30 November 2011

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.