Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
10:35 am
Mr. Stephen Rance:
We have contemporary experience in the UK with the help-to-buy scheme that is under way. Prior to that, we brought in the new buyer scheme, with Government backing. While these are Government bank schemes, the cost is borne entirely by the lender. These are very fresh schemes - the new buyer scheme is only three years old - but the performance is outstanding at the moment. There have been no claims yet.
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