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
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
One of the big concerns about what the witnesses are arguing for is that it allows banks to issue high loan-to-value ratios, providing more credit to consumers who bid against each other where there is a lack of availability. A cap on the house prices that can be eligible could have the effect of quelling that fear. Mr. Mas mentioned the sum of €225,000, but he is probably not going to have many customers in Dublin for whom that figure would be sufficient. Is that a figure he believes is adequate?
No comments