advertisement

Mortgage Cap Labelled “Excessive”

The 600-thousand Euro mortgage cap on the help-to-buy scheme has been labelled 'excessive'.

- Advertisement -

Major changes are to be announced to the deal today which gets first time buyers on the property ladder.

Critics claim the scheme as it stands encourages people to get into debt bacause it includes properties worth over half a million Euro.

Fianna Fáil's Finance spokesman Michael McGrath says a lower cap of 400-thousand should be placed on the mortgages available – but they're open to talks

advertisement
advertisement
advertisement