Dáil Éireann Debate, Thursday - 8 May 2014
117. Deputy Bernard J. Durkan asked the Minister for Social Protection the reason for the reduction in mortgage interest supplement in the case of a person (details supplied) in County Kildare; and if she will make a statement on the matter. [20789/14]
View answerThe interest repayments for the person concerned have reduced from €1808.20 pm to €1773.33 pm, and therefore the amount of the mortgage interest supplement has also reduced. The calculation is based on circa 70% of the mortgage which is €1243.81 as the remaining mortgage finance drawn down was used for commercial purposes and is therefore outside the scope of the scheme. The circumstances of the person concerned results in a monthly payment of €1061.80 mortgage interest supplement to the person concerned.
