Home Choice funds ‘should be redeployed’

Funds earmarked by the government for its poorly-received Home Choice loan scheme should be used to help existing homeowners switch to cheaper mortgages, according to one financial adviser.

30th January, 2010

Funds earmarked by the government for its poorly-received Home Choice loan scheme should be used to help existing homeowners switch to cheaper mortgages, according to one financial adviser.

The Home Choice loan scheme opened to first-time buyers on January 1, 2009, but it has received very few applications.

Finance commentator Liam Croke has now called for the government to use the funds to allow people on high variable-rate mortgages or expensive fixed rates to avail of cheaper...

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