Government urged to scrap home loan scheme over fears it will drive up prices

Central Bank joins the chorus of voices urging the minister to remove controversial scheme from its Affordable Housing Bill

Housing minister Darragh O'Brien is under pressure from a wide range of organisations — from the Central Bank to the auctioneers' institute — as well as opposition parties, to scrap the shared equity loan scheme.

The Government is under pressure to scrap its controversial housing loan scheme after the Central Bank warned it could push up house prices.

Darragh O'Brien, the housing minister, has been urged to focus on other measures instead of the shared equity scheme, which he has been strongly pushing despite widespread concerns and criticism.