Marc MacSharry (Fianna Fail) | Oireachtas source

I thank the Minister for that clarification. The base rate and actual rate are two different things. Sometimes the old bankers are very good at telling us the APR and so on. I ask the Minister to query it with his officials because I do have concerns that it is higher than 10%. Second, where possible, we should encourage more imagination in terms of taking equity in projects and maybe letting finance out there a little bit cheaper. It will be better for the State as well. It is not to make profit for developers but ultimately to get activity in the market so that we get what we want, namely, housing for people.