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Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (22 Jul 2020)

Maurice Quinlivan: 138. To ask the Minister for Housing, Planning, and Local Government his plans to reduce the deposit of 10% for applicants to the Rebuilding Ireland home loan for the purpose of purchasing a property under the incremental purchase scheme; and if he will make a statement on the matter. [17597/20]

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (22 Jul 2020)

Darragh O'Brien: The Housing (Rebuilding Ireland Home Loans) Regulations (S.I. No 25 of 2018) provide that the loan provided cannot exceed 90% of the market value of the property. The credit assessment is the same for all Rebuilding Ireland Home Loan applicants, whether they are purchasing a home on the private market or a home under the incremental purchase scheme. The final decision on loan approval is...

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