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Dáil
‹ Ceisteanna—Questions. Oral Answers. - Housing Finance Agency.

Balance remaining on maximum HFA loan

Summary

Mrs. O'Rourke asked how much capital would remain after ten years on a maximum loan. The Minister undertook to provide the figure, while Deputies suggested it could be about £50,000 and called that an enormous burden.

Mary O'Rourke Mrs. O'Rourke Fianna Fáil

What amount would be due by a person taking out the maximum loan of £22,500? What would be due on account of that loan by way of capital after ten years repayment?

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Liam Kavanagh Mr. Kavanagh Labour Party

I will let the Deputy have that information.

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Brendan Daly Mr. Daly Fianna Fáil

Would it be £50,000?

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Mary O'Rourke Mrs. O'Rourke Fianna Fáil

I believe it is in the region of £50,000 which, measured by any yardstick, constitutes an enormous burden to be placed on any couple or any person.

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Liam Kavanagh Mr. Kavanagh Labour Party

I do not think it would be that much. I will let the Deputy have that information when I receive it.

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