SDA loan and income limits
Quinn sought increases in the loan ceiling from £9,000 to £12,000 and the income limit to £5,000, citing rising house prices. The Minister had no immediate proposals but said the limits were under continuing review and had already been increased twice during his tenure.
asked the Minister for the Environment if he will raise the limit of the SDA and low rise mortgage scheme loans from £9,000 to £12,000 and raise the income limit to £5,000.
Comment on this
While I have no immediate proposals to increase the loan and income limits, I am keeping the matter under continuing review.
Comment on this
How long is this review likely to last? Will the Minister not agree that in a situation where the cost of housing has risen from £14,000 to £23,000 in the two-and-a-half year period he has been in office, albeit with the increase in the SDA loan limit, now is the time to end the review and increase the loan?
Comment on this
The Deputy will appreciate that twice since I became Minister the review ended and the loans and limits were increased.
