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

Photo of Pearse DohertyPearse 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?

Comments

No comments

Log in or join to post a public comment.