Dáil debates

Thursday, 26 March 2015

Topical Issue Debate

Mortgage to Rent Scheme Eligibility

12:50 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour) | Oireachtas source

The operation of the scheme is closely monitored on an ongoing basis by the Department of the Environment, Community and Local Government. Housing agencies are regularly contacted by the approved housing bodies and financial institutions. To date, a total of 2,762 cases have been submitted under the approved housing body mortgage to rent scheme. Of these, 1,897 were deemed ineligible or terminated during the process. Of the remaining 865 cases submitted, 88 have now been completed. In a further 42 cases, agreement on the sale could not be agreed. Some 169 are currently with the lenders, while the remaining 566 are being actively progressed.

The Minister has said that he is keeping the scheme under constant review. Any improvements within the scheme should be moved forward speedily.

I thank the Deputy for having raised this issue today.

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