Oireachtas Joint and Select Committees

Tuesday, 5 December 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of the Residential Tenancies (Right to Purchase) Bill: Discussion

Photo of Paul McAuliffePaul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source

The one measure that has not yet been used quite sufficiently is where people have the opportunity to use the first home scheme for a second-hand property. We do not want it to be used widespread in the second-hand market because it would inflate the price. For tenants being evicted, using the first home scheme to borrow only 70% of the value of the second-hand home where they are living would be a great advantage. They would not otherwise have it to bid on the house next door or down the road. The right to purchase copper-fastens a tenant's ability to exercise this. If they did not have this right they would not achieve the same benefit. This is one of the reasons it is important. It gives people the opportunity to buy under the first home scheme the home from which they are being evicted while not allowing them to use it on another property.

Comments

No comments

Log in or join to post a public comment.