Oireachtas Joint and Select Committees
Thursday, 13 June 2024
Joint Oireachtas Committee on Housing, Planning and Local Government
Housing for All: Discussion
1:30 pm
John Cummins (Fine Gael) | Oireachtas source
I fully understand. It is a sensitive issue but an important one if we want to keep maintain throughput in the AHB sector.
I have come across some issues with the affordable purchase scheme. The scheme has been very successful in Waterford. On the interaction with the banks and mortgage providers and the issue of standardisation of documentation, what comes first? Is it the legal documents from the local authority or the final mortgage offer from the bank? I solved one issue this week but it is a wider issue at national level. The local authority cannot issue final legal documents until it has received a final mortgage offer from the mortgage provider because the equity may change. Is that work being completed at national level?
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