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Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (17 Dec 2020)

Éamon Ó Cuív: 342. To ask the Minister for Housing, Planning, and Local Government his plans to reduce the requirement to have 30% savings to qualify for a Rebuilding Ireland home loan as many persons find it difficult to save due to the excessive rents they have to pay; the number of loans approved to date by county and year; the number drawn down; and if he will make a statement on the matter. [44349/20]

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (17 Dec 2020)

Darragh O'Brien: The Rebuilding Ireland Home Loan Scheme is designed to enable credit worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties. The low rate of fixed interest associated with the Rebuilding Ireland Home Loan provides first-time buyers with access to mortgage finance that they may not otherwise have been able to afford at a higher interest rate....

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