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

The Minister may be surprised that I already know what the rates are and my concern is on the basis of what I am hearing. Somebody, for example, who takes out a shared equity loan to the maximum extent of €100,000 could actually end up owing an additional €50,000 minimum on top of that, and that is not taking into account the increased value of the property. Will the Minister give us any information as to whether the interest will be compound interest or based on the initial capital sum? This is a very crucial point for our understanding of the scheme.