asked the Minister for Industry and Energy the reason the Shannon Free Airport Development Company are charging a mortgage interest rate of 15½ per cent for purchased SFADCo built houses, while the Department of the Environment charge only 12½ per cent.
Written Answers. - SFADCo House Mortgages.
394.
The Shannon Development Company are currently being charged 15 per cent interest on repayable advances received out of Exchequer funds used for house loans at Shannon. The additional ½ per cent is to cover administration costs.