Written answers
Tuesday, 26 February 2008
Department of Environment, Heritage and Local Government
Social and Affordable Housing
9:00 pm
Ruairi Quinn (Dublin South East, Labour)
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Question 507: To ask the Minister for the Environment, Heritage and Local Government when drafting of enabling legislation will be completed in order to facilitate arrangements for persons in affordable housing who may wish to re-mortgage with a private lender; and if he will make a statement on the matter. [8025/08]
Batt O'Keeffe (Cork North West, Fianna Fail)
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Legislative provision to facilitate arrangements under which a local authority could agree to its clawback charge ranking in second place behind a new or topped-up mortgage charge, thereby facilitating persons in affordable housing wishing to re-mortgage with a private lender, is being considered in the Social Housing (Miscellaneous Provisions) Bill which is currently being drafted. I expect that this Bill will be published by mid-2008.
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