January 21, 2020
Minister Murphy must explain home loan interest rate hike – Eoin Ó Broin

Sinn Féin Housing spokesperson Eoin Ó Broin has called on Housing Minister Eoghan Murphy to explain the interest rate hike for the Rebuilding Ireland Home Loan.

Deputy Ó Broin said:

“As is typical of Minister Murphy we hear of interest rate changes to this government backed mortgage scheme via media reports.

“Based on the report it would seem that borrowers are facing a rate increase from 2% for a 25 year on to 2.745% and from 2.25% for a 30-year loan to 2.995%.

“These loans are for home owners who struggled to get a mortgage from banks and now Fine Gael is happy to increase the costs on workers and families.

“Over the lifetime of these mortgages, it will add €20,000 to €30,000 to the cost of finance for working people.

“That is not good enough.

“A Sinn Féin Housing Minister would prioritise the delivery of affordable purchase homes, costing less than €250,000, instead of increasing the debt burden.”

Share On Facebook
Share On Twitter
Share On Whatsapp
Share Via Email
Copy URL

Follow us online

Latest Tweets
Retweet on Twitter Sinn Féin Retweeted
moneillsf Michelle O’Neill @moneillsf ·
4 Dec

Proud to stand with the largest team of Sinn Féin TDs in over 100 years.

We are more determined than ever to deliver real change for workers, families, and communities across the island.

Reply on Twitter 1864358064352043268 Retweet on Twitter 1864358064352043268 80 Like on Twitter 1864358064352043268 428 Twitter 1864358064352043268
Retweet on Twitter Sinn Féin Retweeted
pearsedoherty Pearse Doherty @pearsedoherty ·
4 Dec

We’re back in Leinster House today with the largest team of Sinn Féin TDs in over 100 years.

A team of 39 TDs with the energy, determination, and commitment to deliver for working people. We want to thank the hundreds of thousands of people who voted for Sinn Féin and for real…

Reply on Twitter 1864354608925000103 Retweet on Twitter 1864354608925000103 61 Like on Twitter 1864354608925000103 299 Twitter 1864354608925000103
Retweet on Twitter Sinn Féin Retweeted
maryloumcdonald Mary Lou McDonald @maryloumcdonald ·
4 Dec

This is the biggest group of Sinn Féin TDs to enter Leinster House in over a century

We are here to work for you, we are in your corner and we will never ever give up on our mission to create an equal, a fair and a united Ireland

Reply on Twitter 1864344225568923881 Retweet on Twitter 1864344225568923881 136 Like on Twitter 1864344225568923881 881 Twitter 1864344225568923881
sinnfeinireland Sinn Féin @sinnfeinireland ·
4 Dec

The work of winning a better future for all continues right now – @MaryLouMcDonald

"We are in the corner of ordinary people. We have your back, and we are not giving up."

Reply on Twitter 1864339100200833172 Retweet on Twitter 1864339100200833172 30 Like on Twitter 1864339100200833172 106 Twitter 1864339100200833172
Load More

Statements