![]() The party’s finance spokesman, Pearse Doherty, suggested such a scheme – to be in place until the end of the year – would cost €400 million and called it a “sensible and necessary proposal” that could “provide meaningful support to households at the sharp edge of interest rate hikes”. Sinn Féin tabled a motion last week calling for a “targeted and temporary mortgage interest relief” up to a maximum of €1,500 per annum. He said: “We’re committed to helping people in that space like we did in the cost-of-living.” The Government needed to make sure that what is brought forward is effective, properly costed and affordable “but we are working on it”. ![]() He said the “vast majority” of new mortgages in recent years have been on fixed rates but those on variable and tracker mortgages “are really feeling the effect of a 3.5 per cent increase since the increase of interest rates began”. “I’m confident that we will get that right in October this year to be able to help people who’ve seen increases in mortgage interest rates.” Mr O’Brien argued that the Government “got the package right in relation to cost-of-living” last winter. ![]() He accused Sinn Féin of “calling basically for a budget every month” last year amid the cost-of-living crisis, and said this would lead to “instability”. ![]()
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