Oireachtas Joint and Select Committees
Wednesday, 4 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Dr. Peter Bacon:
No. It would enhance the type of credit that is available to the purchaser.
Going back to Deputy Higgins's point, with a 35-year mortgage one is going to pay more over the lifetime of the mortgage than with a 20-year mortgage, but in the early years for a low-income householder, one enables them possibly to get on to the ladder.