Aengus Ó Snodaigh (Dublin South Central, Sinn Fein)
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Question 228: To ask the Minister for the Environment, Heritage and Local Government, further to his answer to Parliamentary Question No. 1360 of 30 January 2008, the details of the negative impact altering the condition of local authority mortgage protection insurance schemes would have; if his attention has been drawn to the fact that consumer watchdogs have consistently warned against these schemes as they may not represent value for money for the consumer; and if he will make a statement on the matter. [5725/08]

Batt O'Keeffe (Cork North West, Fianna Fail)
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The negative impact referred to relates to increased mortgage protection insurance costs which would arise for borrowers if the obligatory nature of the arrangements were altered. The Mortgage Protection Committee, which is a sub-committee of the County and City Managers' Association and is also representative of the Housing Finance Agency and my Department, has recently appointed a consultant to carry out an independent evaluation of the scope and effectiveness of the current scheme having regard to a range of issues including the product currently available to borrowers, the compulsory nature of the scheme and cost issues. The Committee will consider the recommendations of this review following receipt of the consultants' report.