Pearse Doherty (Donegal, Sinn Fein)
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The Governor of the Central Bank has been clear to this committee and me that he was consulted only on the issue of whether this grant or tax rebate would be included in calculating the loan-to-value ratio. He was not consulted on other matters and we know the outflow from that, which is that the loan-to-value ratio included in the original scheme, which was 80%, is now 70%. It is important to put that on the record as the Minister has given the impression on a number of occasions that the Central Bank is happy with this.