Schedule of interest rates on "shared ownership" loans

[Brendan Burgess]

How is the interest rate set on these loans?

I assume that the rate on the "rental equity" and the mortgage is the same, although this is not clear.
From the HFA Annual Report for 2011 issued in April 2012

Interest rates
The Agency’s interest rates continued to be the lowest available in the market. Households benefited from an Agency-generated house purchase annuity mortgage rate that was about 1.5% below the average standard variable rates available in the market, and which averaged 3.06% during 2011.

In spite of a persistently volatile relationship between the Agency’s cost of funds and the ECB/Euribor rate the Agency managed to pass on all the decreases in ECB interest rates during the period, and the current rate to borrowers is 2.75%.

The Agency’s decisions in regard to future interest rate changes triggered by ECB/Euribor movements will, as in the past, have to have regard for its cost of funds and the necessity for it to meet its costs from its operations.

In 2011, local authorities paid an average variable rate of 2.30% on loans for non-mortgage housing and housing-related purposes.

Schedule received from Dublin City Council

1/1/2007|4.5%
1/4/2007|4.75%
1/7/2007|5%
1/9/2008|5.25%
1/12/2008|4.75%
1/1/2009|4.25%
1/2/2009|3.5%
1/3/2009|3%
1/5/2009|2.5%
1/6/2009|2.25%
1/5/2011|3.25%
1/2/2012|3%
1/4/2012|2.75%

Partial history of earlier rates

pre 1 July 2006|3.5%|
1 July 2006|3.75% |Notification|

There is currently a 5 year fixed rate of 4.4% which seems like good value.