54 Deputy Bernard J. Durkan asked the Minister for the Environment, Community and Local Government if he has studied the way in which the shared ownership mortgage scheme is developing with particular reference to the degree to which those who obtain such mortgages are penalised by way of increased value of rental part of the equity, thereby resulting in a situation wherein people who were deemed eligible for such loans on the basis of their income have been penalised on the grounds of annual rental increase plus mortgage increase plus notice to the effect that purchase of the remaining equity must be effected within the term of the original loan; if his attention has been drawn to the concern and hardship now being caused in such cases; and if he will make a statement on the matter. [15588/11]

Summary

54 Deputy Bernard J. Durkan asked the Minister for the Environment, Community and Local Government if he has studied the way in which the shared ownership mortgage scheme is developing with particular reference to the degree to which those who obtain such mortgages are penalised by way of increased value of rental part of the equity, thereby resulting in a situation wherein people who were deemed eligible for such loans on the basis of their income have been penalised on the grounds of annual rental increase plus mortgage increase plus notice to the effect that purchase of the remaining equity must be effected within the term of the original loan; if his attention has been drawn to the concern and hardship now being caused in such cases; and if he will make a statement on the matter. [15588/11]

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• Social and Affordable Housing

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