Aengus Ó Snodaigh (Dublin South Central, Sinn Fein)
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Question 593: To ask the Minister for the Environment, Heritage and Local Government when he will introduce legislation to allow people who bought their home under the affordable housing scheme to re-mortgage, or to transfer from shared ownership to a full mortgage, without triggering the claw-back. [32312/07]

Batt O'Keeffe (Cork North West, Fianna Fail)
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My Department is examining the feasibility of introducing a set of arrangements under which a local authority would agree to its clawback charge ranking in second place behind a new or topped-up mortgage charge to facilitate re-mortgaging. In the case of shared ownership transactions, the arrangements will ensure that the clawback will not kick-in when a purchaser simply wishes to buy out the local authority's share, while still facilitating its enforcement by the local authority if the purchaser sells the house within the normal 20-year period. The practicalities of any such arrangements will have to be considered in consultation with the local authorities and the lending institutions.

It is likely that any new set of arrangements that may be introduced will require enabling legislation and the requirements in this regard are being considered in the context of the Housing (Miscellaneous) Bill, the drafting of which is currently underway.