Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
10:45 am
Mr. Michael Bennett:
Our experience is where the borrower does not contribute a deposit to the property we see much a greater incidence of defaults, so I would start with less than 100%. Where exactly along the spectrum the figure would lie, and the quantity of lending that would be given out across that spectrum, depends on the specific risk attributes that apply. I would say less than 100% but I would not be more precise than that.
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