Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

I thank Deputy Coppinger. I appreciate the opportunity to clarify some points on the Rebuilding Ireland home loan scheme, which it is not solely for private houses. Local authorities have previously given out mortgages but this scheme is different because it offers a very low fixed rate over the lifetime of the loan, which is quite exciting. It is linked to net disposable income and the ability of a borrower to afford the repayments. One of the examples we gave of how the scheme would operate concerned a couple earning €75,000 who have a 10% deposit. Their repayments over a 25-year mortgage for a house with a purchase price of €320,000 would never be more than 24% of their income, which is incredible. To have that kind of certainty around that product and to know that it was only taking up-----