Ceisteanna—Questions. Oral Answers. - Bridging Finance.
- Bridging finance for house purchases 4 speeches
Leonard said buyers were struggling to obtain bridging loans and asked for support during the transition between purchases. Dukes said he had no evidence of a credit shortfall and that a grant would be inappropriate.
James Leonard, Alan M. Dukes
- Attacks on elderly people in the north-west 2 speeches
Gallagher raised continuing serious attacks on elderly people, especially in the north-west; the Ceann Comhairle said he would communicate with him.
Pat the Cope Gallagher, Thomas J. Fitzpatrick
asked the Minister for Finance when measures will be introduced to enable persons finding it difficult to obtain bridging finance for house purchase to obtain such finance.
Comment on this
I have no evidence that prospective house purchasers are experiencing difficulties at present in obtaining bridging finance.
Comment on this
The Minister must not have his ear to the ground because obtaining bridging loans is one of the greatest problems facing house buyers at present and many sales have collapsed as a result. As the Government are allocating additional funds for the purchase of new houses, does the Minister agree that there should be some system whereby people would be covered during the transition period?
Comment on this
It would not be appropriate to cover this in the form of a grant. During 1984 the growth of overall private sector credit did not reach the Central Bank's guidelines and, therefore, there was no evidence of a substantial shortfall of credit availability as against demand.
Comment on this
I wish to raise on the Adjournment the continuing serious attacks on the elderly, especially in the north-west region.
