Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The Government promised to introduce legislation on a mortgage guarantee scheme. That promise was contained in the Construction 2020 document. Under it, the State would guarantee 5% of the loan-value ratio of mortgages, allowing people to take out mortgages at a higher ratio. Given the Central Bank's announcement yesterday of a consultation process on people not taking out loans greater than 80% of a property's value, is the legislative proposal gone and has the rug been pulled out from under the Government or is this legislative option still live?

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