Written answers
Thursday, 29 March 2012
Department of Environment, Community and Local Government
Social and Affordable Housing
1:00 pm
Catherine Murphy (Kildare North, Independent)
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Question 179: To ask the Minister for the Environment, Community and Local Government if he intends to permit those on affordable council mortgages to switch to annuity loans; and if he will make a statement on the matter. [17440/12]
Jan O'Sullivan (Limerick City, Labour)
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There are two types of local authority mortgages. Home Choice Loan, which is available to credit worthy households earning in excess of €35,000 as a single applicant and over €45,000 combined income as joint applicants, and a standard annuity mortgage. This is the only loan type made available to prospective purchasers under any of the affordable housing schemes and any other paths to home ownership by social housing tenants.
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