Cabinet plans new loans for first-time buyers

A major expansion of local authority mortgage lending to low and middle-income first-time buyers is expected to form the first step in a government programme of economic initiatives.

13th September, 2008

A major expansion of local authority mortgage lending to low and middle-income first-time buyers is expected to form the first step in a government programme of economic initiatives.

The move, which will be announced shortly, comes after the government established a high-level cabinet committee to tackle the deepening economic crisis and develop a range of new policies to stimulate the economy. The group, chaired by Taoiseach Brian Cowen, will be responsible for ‘‘initiatives to stimulate...

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