Denis Naughten (Longford-Roscommon, Fine Gael)

They went to all the lending institutions, none of which will approve mortgages for any of the couples for an affordable site. The lending institutions have stated that there is no statutory basis for affordable sites. The local authority has gone out of its way and has waived its charge in regard to the recoupment of moneys should the site or property be sold on within a 20-year period. It has agreed to deeds of postponement, yet the banks have not found these acceptable. I ask the Minister of State to resolve this issue which probably requires amendment of the primary legislation. It is causing considerable financial difficulties for many young couples in County Roscommon.

I do not believe this anomaly has arisen in any other local authority area. It did not arise in County Roscommon until now but for some unknown reason, the lending institutions are not prepared to provide mortgages. As I said, there are instances of houses built to roof level, yet people cannot draw down mortgages. Much capital is tied up——

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