Ivan Yates
Ceist:75 Mr. Yates asked the Minister for the Environment if his attention has been drawn to the fact that many people who are paying fixed rate repayments on local authority mortgages at 12½ per cent now find that these are extremely uncompetitive in relation to the current prevailing rates of mortgages through banks and building societies; if he has any proposals to review the fixed rate aspect of these loans to see if they can be revised through a variable rate or if some concession can be given on redemption figures so that such mortgage holders can redeem their local authority loans and obtain new substitute mortgages from banks or building societies; and if he will make a statement on the matter.