Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

I thank the Chairman and the Ministers for their presentations. My questions are very specific for the Minister, Deputy O’Brien, so perhaps we might just rattle through them in order. My understanding is the negotiations between Government and the Banking and Payments Federation Ireland for the banks’ participation in the shared equity loan scheme have concluded. Will the Minister confirm if that is the case? Will he tell us how much is being proposed to be added by the banks to the Minister’s €75 million? Will he tell us what the interest rates will be on the shared equity portion of the property in year six, 16 and 29? Will he also provide clarity on whether the interest is compound interest to take into account increased value in the property, or whether, like the UK scheme, it is set at the original capital sum of the shared equity portion? I have two follow-up questions depending on the answers to those.