497 Deputy Seán Fleming asked the Minister for the Environment, Heritage and Local Government the provisions in place in respect of people under the shared ownership housing scheme whose monthly repayments can not exceed 35% of their income, at the time of taking out a shared ownership loan, where a persons income declines or interest rates increase during the period of the loan such that their repayments then exceed 35% of their income; the stress testing of people’s abilities to repay loans in changing circumstances that are carried out under this scheme; and if he will make a statement on the matter. [21577/07]

Summary

497 Deputy Seán Fleming asked the Minister for the Environment, Heritage and Local Government the provisions in place in respect of people under the shared ownership housing scheme whose monthly repayments can not exceed 35% of their income, at the time of taking out a shared ownership loan, where a persons income declines or interest rates increase during the period of the loan such that their repayments then exceed 35% of their income; the stress testing of people’s abilities to repay loans in changing circumstances that are carried out under this scheme; and if he will make a statement on the matter. [21577/07]

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

• Housing Grants.

  xml · EN · 2 October 2007

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.