Housing Strategy Needs To Consider Punishing Mortgage Interest Rates

The Green Party believe affordability of housing is being undermined further by mortgage rates.

Mortgage interest rate rises mean the type of housing and the cost of housing need to be closely examined, according to the Green Party.

Local authorities are the latest mortgage lending body to come under the spotlight.

Their scheme, which was designed to provide mortgages to those on lower incomes, is fast becoming inaccessible due to the rising rates being offered.

Green Party Westmeath councillor Louise Heavin says county council mortgages were already limited before the rates rise:

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