Oireachtas Joint and Select Committees
Tuesday, 27 May 2025
Joint Oireachtas Committee on Housing, Local Government and Heritage
Challenges Relating to the Delivery of Housing: Discussion (Resumed)
2:00 am
Dr. Mark Cassidy:
No, we do not believe they are wise. We believe an equity deposit of at least 10% is required. There is a higher probability of default at 100%. In the event of a decline in income or in the value of the house, the borrower is immediately in negative equity and in a difficult situation.