Damned if he does and damned if he doesn't

Housing remains a political pressure zone for Eoghan Murphy as he defends his new mortgage scheme

23rd January, 2018
Damned if he does and damned if he doesn't
Minister for Housing Eoghan Murphy dismisses 'sub-prime' claims. Pic: RollingNews.ie

There has been an underwhelming reaction to his Rebuilding Ireland Home Loan. It is for people on incomes of less than €50,000 as a single applicant, or €75,000 for joint applicants, as long as they have already been turned down twice for a mortgage by the banks.

They can get a mortgage of up to €320,000 in the Greater Dublin Area, Cork and Galway, while in the rest of the country it is €250,000.

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