Results 81-100 of 327 for rebuilding ireland home loan speaker:Darragh O'Brien

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Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (11 Nov 2021)

Darragh O'Brien: With regard to issue of mortgage requirements and the assessment by financial institutions of mortgage applications, these requirements are governed by the Central Bank of Ireland which retains independence in the establishment of macro-prudential policy and mortgage measures.  Information in this regard, including on exemptions and other matters, is available at the...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (11 Nov 2021)

Darragh O'Brien: With regard to issue of mortgage requirements and the assessment by financial institutions of mortgage applications, these requirements are governed by the Central Bank of Ireland which retains independence in the establishment of macro-prudential policy and mortgage measures. Information in this regard, including on exemptions and other matters, is available at the following...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (11 Nov 2021)

Darragh O'Brien: As with the previous local authority loan offerings, the Rebuilding Ireland Home Loan is currently available to first-time buyers only. This is set out in the regulations governing the Scheme and ensures effective targeting.  However, applicants who are separated or divorced may be treated as first-time buyers, in accordance with the...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (11 Nov 2021)

Darragh O'Brien: I propose to take Questions Nos. 276 and 292 together. The Rebuilding Ireland Home Loan, which is operated by my Department, is designed to enable creditworthy first-time buyers, who are unable to access a mortgage from a commercial lender, to obtain sustainable mortgage lending to purchase a new or second-hand property.  To support prudential lending and consistency of treatment for...

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (11 Nov 2021)

Darragh O'Brien: I propose to take Questions Nos. 277 and 280 together. The Housing Agency underwriters provides a central support service which assesses applications for the Rebuilding Ireland Home Loan on behalf of local authorities and makes recommendations to the authorities to approve or refuse applications. The Agency has confirmed the average turnaround time for applications to be assessed...

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (11 Nov 2021)

Darragh O'Brien: My Department regularly publishes information on the number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Local authority approval means that an official letter of offer has been sent to a borrower (and therefore relates to a specific property and loan amount).  The Rebuilding Ireland Home Loan has been made available nationwide from local...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (2 Nov 2021)

Darragh O'Brien: My Department operates the Rebuilding Ireland Home Loan, which is targeted at first time buyers who wish to own their own home, have access to an adequate deposit and have the capacity to repay a mortgage, but who are unable to access a mortgage sufficient for them to purchase their first home. The loan enables credit worthy first time buyers to access sustainable mortgage lending to...

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (2 Nov 2021)

Darragh O'Brien: The Rebuilding Ireland Home Loan Scheme enables credit-worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, where they cannot obtain sufficient mortgage finance from a commercial lender. As with the previous local authority loan offerings, the Rebuilding Ireland Home Loan is currently available to first-time...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (2 Nov 2021)

Darragh O'Brien: Applicants for the Rebuilding Ireland Home Loan must be of good credit standing; have a satisfactory credit record; and be a first time buyer, to be eligible. Applicants must provide bank or similar statements (such as post office, credit union etc.) for a 12-month period immediately prior to making an application, clearly showing a credible and consistent track record of savings. The...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (2 Nov 2021)

Darragh O'Brien: ...most ambitious housing plan in the history of our State, backed up by an unprecedented financial commitment of over €4bn per annum. As detailed in Housing for All under ‘Pathway to Supporting Home Ownership and Increasing Affordability’, affordable purchase and the home loan scheme will be primarily targeted at first time buyers. However, the plan also confirms that...

Written Answers — Department of Culture, Heritage and the Gaeltacht: Covid-19 Pandemic Supports (21 Oct 2021)

Darragh O'Brien: The Rebuilding Ireland Home Loan (RIHL) scheme remains open for business. Local authorities are receiving and processing RIHL applications and are incorporating increased flexibility to accommodate applicants during the COVID 19 Pandemic.  As is the case with any lender, local authorities must lend mortgages on a prudent basis, taking into account the most recent income and...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (19 Oct 2021)

Darragh O'Brien: To be eligible for a Rebuilding Ireland Home Loan, you must be in continuous employment for a minimum of two years, as a primary applicant or be in continuous employment for a minimum of one year, as a secondary applicant. For persons employed on a contract basis, details of contract income over the last two years must be provided. Evidence that tax payments are up to date is also required....

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (19 Oct 2021)

Darragh O'Brien: ...of society including healthcare workers. The Programme for Government has committed to put affordability at the heart of the housing system and increase the supply of public, social and affordable homes. A multi-faceted approach is being implemented to achieve this.  As Minister for Housing, I advanced the Affordable Housing Act to establish a legislative basis for 4 new...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (7 Oct 2021)

Darragh O'Brien: Local authority mortgage protection insurance (MPI) scheme has applied to all house purchase loans approved by local authorities after 1 July 1986, including the Rebuilding Ireland Home Loan introduced on 1 February 2018. Local authority MPI will also apply to the Local Authority Home Loan when it is intoduced. One of the conditions of the MPI scheme, which is a group policy, is that it...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (5 Oct 2021)

Darragh O'Brien: As part of Housing for All, I announced a reformed successor to the Rebuilding Ireland Home Loan Scheme, the 'Local Authority Home Loan'. The Local Authority Home Loan will include an increase in the income ceiling for single applicants. For counties where the scheme’s house price limit is €320,000 (Cork, Dublin, Galway, Kildare, Louth, Meath and Wicklow), the income...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (5 Oct 2021)

Darragh O'Brien: As part of Housing for All, I announced a reformed successor to the Rebuilding Ireland Home Loan Scheme (RIHL), the 'Local Authority Home Loan'. I also announced an interest rate reduction of 0.25% on local authority mortgage lending. As of 10 September 2021, the reduction of the mortgage interest rate for new borrowers by 0.25% has already been implemented. It currently applies to new...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (5 Oct 2021)

Darragh O'Brien: ...system. It is the largest State-led building programme in our history, backed up by an unprecedented financial commitment in excess of €4bn per annum. At a national level, over 300,000 new homes will be built by the end of 2030, including a projected 90,000 social homes, 36,000 affordable purchase homes and 18,000 cost rental homes. These homes will be provided by Local...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (30 Sep 2021)

Darragh O'Brien: The Rebuilding Ireland Home Loan is targeted at first time buyers who wish to own their own home, have access to an adequate deposit and have the capacity to repay a mortgage, but who are unable to access a mortgage sufficient for them to purchase their first home. The loan enables credit worthy first time buyers to access sustainable mortgage lending to purchase new or second-hand...

Housing for All: Statements (28 Sep 2021)

Darragh O'Brien: ...know that the impact of the housing crisis is felt in every family right across our country. It ranges from hard-pressed tenants stuck in a rent trap and wondering if they will ever own their own home to those at the sharpest edge of the crisis, who will spend tonight sleeping in emergency accommodation, or worse, sleeping rough on one of our city streets. To tackle the roots of the...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (28 Sep 2021)

Darragh O'Brien: My Department operates the Rebuilding Ireland Home Loan, which is targeted at first time buyers who wish to own their own home, have access to an adequate deposit and have the capacity to repay a mortgage, but who are unable to access a mortgage sufficient for them to purchase their first home. The loan enables credit worthy first time buyers to access sustainable mortgage lending to...