The Minister for Housing has denied that the Government's new home loan and equity schemes for those trying to get on the property ladder will put the State's finances at further risk.
Michael Finneran also denied that the measures were being taken to help builders to offload excess stock.
He said they were purely designed to extend credit to first-time buyers unable to secure finance due to the credit crunch.
Under the Home Choice Loan scheme, the Government will lend up to 92% of th... read more »
