Written answers
Wednesday, 20 May 2009
Department of Environment, Heritage and Local Government
Social and Affordable Housing
Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)
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Question 231: To ask the Minister for the Environment, Heritage and Local Government if the Housing (Miscellaneous Provisions) Bill 2008 will allow local authority mortgage holders to remortgage without triggering the clawback; if this provision will apply to existing homeowners or only to those who purchase their homes after the enactment of the legislation; and when the provision will come into effect. [20678/09]
Michael Finneran (Roscommon-South Leitrim, 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, including existing homeowners, wishing to re-mortgage with a private lender, is included in the Housing (Miscellaneous Provisions) Bill 2008 which is currently before the Oireachtas and is targeted for enactment by the Summer recess.
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