Doherty says proposed changes to Help to Buy scheme won’t solve mortgage crisis

pearsedail

Minister Michael Noonan is expected to announce wide scale changes to the help to buy scheme today.

The plan aimed at helping first time buyers get on the property ladder has been met with criticism since it was announced in the budget last week.

The mortgage percentage threshold and the value of property to which the scheme applies are all expected to be lowered.

However Sinn Féin's Pearse Doherty says the proposed alterations cannot change the fact that the scheme can only drive house prices up...........