Dáil debates

Tuesday, 23 October 2012

Other Questions

Local Authority Housing

3:10 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

I know I am nearly invisible.

I thank the Minister of State for her reply. However, there is an issue that needs to be dealt with, and I ask her to clarify whether it has been dealt with by the expert group. I refer to the fact that the rental part of loan repayments has increased way beyond what was anticipated. The situation is no longer as was envisaged and indicated to purchasers in the first place. For example, purchasers were told initially that the rental part of the equity would remain at a certain level. The condition was that within a 25-year period an agreement had to be entered into to purchase the second part of the equity. That has changed; purchasers are now told they must purchase the second part of the equity within a 25-year period. Was any account taken of that by the expert group with a view to pulling the repayments into line with ordinary mortgage repayments in the private sector?

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