Results 1-18 of 18 for rebuilding ireland home loan speaker:Michael Noonan

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Other Questions: Help-To-Buy Scheme (18 May 2017)

Michael Noonan: I answered a similar question put by Deputy Michael McGrath, but I will read the reply to this one also. As the Deputy will be aware, the help-to-buy incentive was announced as part of Rebuilding Ireland: Action Plan for Housing and Homelessness. The plan contains a significant volume of responses to the current housing crisis, of which the help-to-buy incentive is just one....

Written Answers — Department of Finance: Help-To-Buy Scheme (18 May 2017)

Michael Noonan: As the Deputy will be aware, the Help to Buy incentive was initially announced on 19 July 2016 as part of 'Rebuilding Ireland: Action Plan for Housing and Homelessness'. This plan contains a significant volume of responses to the current housing crisis, of which the HTB incentive is just one.  The comprehensive Action Plan takes a holistic approach in addressing the many...

Written Answers — Department of Finance: Help-To-Buy Scheme (11 Apr 2017)

Michael Noonan: As the Deputy will be aware, the HTB incentive was initially announced on 19 July 2016 as part of 'Rebuilding Ireland: Action Plan for Housing and Homelessness'. This plan contains a significant volume of responses to the current housing crisis, of which the HTB incentive is just one. The comprehensive Action Plan takes a holistic approach in addressing the many interacting...

Written Answers — Department of Finance: Help-To-Buy Scheme (6 Apr 2017)

Michael Noonan: I assume the Deputy is referring to the Help to Buy (HTB) tax incentive. As the Deputy will be aware, the HTB incentive was initially announced on 19 July 2016 as part of 'Rebuilding Ireland: Action Plan for Housing and Homelessness'. This plan contains a significant volume of responses to the current housing crisis, of which the HTB incentive is just one.  The...

Written Answers — Department of Finance: House Prices (4 Apr 2017)

Michael Noonan: As the Deputy will be aware, the Help to Buy incentive was initially announced on 19 July 2016 as part of 'Rebuilding Ireland: Action Plan for Housing and Homelessness'. This plan contains a significant volume of responses to the current housing crisis, of which the Help to Buy incentive is one. This comprehensive Action Plan takes a holistic approach in addressing the many interacting...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (28 Feb 2017)

Michael Noonan: I assume the Deputy is referring to the Help to Buy incentive which was initially announced on 19 July 2016 as part of 'Rebuilding Ireland: Action Plan for Housing and Homelessness' and was legislated for in Finance Act 2016. The initiative aims to assist a first-time purchaser to fund the deposit required to purchase or self-build a new property to serve as their...

Written Answers — Department of Finance: NAMA Property Leases (31 Jan 2017)

Michael Noonan: NAMA does not own property.  Rather, it has acquired loans for which the properties act as security.  Control of the properties rests with debtors and receivers and not with NAMA.  In that regard, I am advised that information is not available on the total number of instances in which NAMA debtors and receivers have sought vacant possession in advance of residential...

Written Answers — Department of Finance: Housing Policy (17 Jan 2017)

Michael Noonan: ...the supply of housing to meet growing demand.  In particular, it has set a target of ensuring that 25,000 new houses are built each year by 2020. In order to deliver on this ambitious target, the "Rebuilding Ireland, Action Plan for Housing and Homelessness" adopts a whole of government response with 84 actionable measures across five key pillars, namely Address...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (1 Dec 2016)

Michael Noonan: To be eligible to apply for the Help to Buy incentive, a first-time buyer must have signed a contract to purchase a new build property on or after the 19th July 2016. In the case of a self-build home, they must have drawn down the first tranche of the relevant mortgage on or after that date. The full conditions of the scheme and its commencement remain subject to...

Written Answers — Department of Finance: Help-To-Buy Scheme (1 Dec 2016)

Michael Noonan: ...current framework. Whilst the Central Bank is independent in terms of macro prudential policy, the decision to adjust the regulations is welcome. In particular the change to the ceiling on the loan to value (LTV) ratio for all first time buyers (FTB), should better support first-time buyers in accessing the required mortgage to buy a home. Changes to the rules should also support...

Finance Bill 2016: Report Stage (Resumed) (23 Nov 2016)

Michael Noonan: ...element of Government policy on housing. It is one part of the many actions to develop a fully functioning housing market that responds adequately to the needs of our citizens included in Rebuilding Ireland - Action Plan for Housing and Homelessness, which was launched last July. It is in this context that the help-to-buy scheme should be considered. Its role would be to complement the...

Written Answers — Department of Finance: House Purchase Schemes (11 Oct 2016)

Michael Noonan: The Government is conscious that there is a supply shortage of housing and of the challenges faced by first-time buyers in meeting the macro prudential rules for home loans. As a complement to the structural actions in 'Rebuilding Ireland - Action Plan on Housing and Homelessness' published on 19 July 2016, the introduction on Budget day of a new tax-based 'Help to Buy' incentive was...

Written Answers — Department of Finance: Mortgage Schemes (4 Oct 2016)

Michael Noonan: ...Nos. 127 and 129 together. The Government is conscious that there is a supply shortage of housing and of the challenges faced by first-time buyers in meeting the macro prudential rules for home loans. As a complement to the structural actions in 'Rebuilding Ireland - Action Plan on Housing and Homelessness' published on 19 July 2016, a new tax-based 'Help to Buy' incentive was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Michael Noonan: ...for Finance. At the time of my appointment as Minister for Finance in 2011, we were entering the fourth year of the crisis. Over €34 billion had been injected into Anglo Irish Bank, Bank of Ireland, and Ireland had entered into a joint EU-IMF programme the previous December. The country faced not just a banking crisis but a major fiscal crisis with public finances which were in...

Strategic Banking Corporation Bill 2014: Committee and Remaining Stages (10 Jul 2014)

Michael Noonan: ...being provided, some of them to do with the interest rate charged, others to do with the length of the payback period and others to do with the fact it is very difficult for an SME to borrow in Ireland and have a payback holiday for, say, 20 or 24 months before the repayments pick up. As one moves from cash flow to profitability, it should be possible to design products, in the same way...

Seanad: Mortgage Credit (Loans and Bonds) Bill 2012: Second Stage (17 Oct 2012)

Michael Noonan: ...operation. As the Senator has acknowledged, this Bill borrows heavily from the Danish model which has operated successfully in Denmark for generations. The balance principle of matching loans and bonds is the backbone of the Danish mortgage system. Within the system, the mortgage banks there operate differently from mortgage lenders in Ireland. They do not take deposits or raise funding...

Seanad: Mortgage Arrears, Banking and the Economy: Statements, Questions and Answers (3 Jul 2012)

Michael Noonan: ...insolvency legislation to strike a fairer balance between debtor and creditor and to provide for more efficient debt resolution mechanisms, and introducing measures to allow families to stay in the home but transfer its ownership to a local authority or approved housing body. The Government is fully aware that there are no quick fixes or a one-size-fits-all solution to the mortgage...

Jobs Initiative 2011: Statements (10 May 2011)

Michael Noonan: ..., for the national energy retrofitting programme, to be supplemented by €11 million savings from within that Department's existing allocation. This will double the funding for the retrofit home energy efficiency and renewable energy programmes in the second half of this year. Energy efficiency works are more labour intensive than other capital programmes and will therefore support...