State sponsored split mortgages, do the sums work?

We looked at some of the recent coverage on the idea of state supported ‘split-mortgages’ and found the figures lacked integrity when calculations were made on the examples being used. It is not the ‘cheapest’ solution and it would also promote the creation of capital repayments from the state which is a wealth transfer.

There was also a figure of €925 as being the ‘cost of rent allowance’ but that figure is also wrong (at least for Kildare) which tops out at €750.

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