Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

In the past two years, mortgage interest costs have soared for households. They have increased by 71% over the past two years. As the Minister knows, some mortgage holders are being charged more than 7%. These are loans that were sold, in particular to vulture funds, as a result of the policy of two of the parties in government. As the Minister knows, Sinn Féin has called for mortgage interest relief to be applied at source for well over a year. The Government finally acquiesced to a mortgage interest credit, which kicked in in January.

Given the soaring mortgage costs so many households face amid a wider cost-of-living crisis, how does the Minister assess the performance of the Government-styled mortgage interest tax credit, given the low uptake?

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