Terence Flanagan (Dublin North East, Fine Gael)

I thank the Minister of State for his response. The statistics he has given paint a damning picture of this scheme. There were 33 applicants, two approvals and no loans have been drawn down yet. In light of that, would the Minister of State review the effectiveness of this scheme?

The Fine Gael Party opposed this scheme during its introduction stating it would trap people in negative equity and encourage them to borrow up to seven times their salary. In light of the statistics he has given, can he review this scheme? Clearly, it is not working. It was targeted specifically at first homes. Would he now include second-hand homes in its remit?

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