Dáil debates

Wednesday, 17 September 2014

Ceisteanna - Questions - Priority Questions

Mortgage to Rent Scheme Application Numbers

2:45 pm

Photo of Séamus HealySéamus Healy (Tipperary South, Workers and Unemployed Action Group) | Oireachtas source

I wish both of them well into the future. The mortgage to rent scheme should be an important and invaluable tool in dealing with the issue of mortgage arrears. It is a very good concept which allows approved housing bodies to purchase houses and a mortgage holder to remain in the family home with the option of repurchasing should financial circumstances improve. However, because the scheme is not being promoted and is very cumbersome and long-winded, only a small number of cases are being approved. What does the Minister intend to do to improve the position and ensure there are significant increases in approvals?

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