Written answers

Tuesday, 26 May 2015

Department of Environment, Community and Local Government

Mortgage Arrears Proposals

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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921. To ask the Minister for Environment, Community and Local Government if he will provide a list of the legislative changes, including changes to secondary legislation, required to implement the policy announcement of 13 May 2015 on mortgage arrears; and if he will make a statement on the matter. [19815/15]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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922. To ask the Minister for Environment, Community and Local Government if he will provide a list of all the bodies, persons and organisations he has consulted with prior to his announcement of 13 May 2015 related to mortgage arrears; and if he will make a statement on the matter. [19818/15]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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923. To ask the Minister for Environment, Community and Local Government if he will provide a list of companies or persons contracted to provide advice or expertise prior to his announcement of 13 May 2015 related to mortgage arrears, and in each case if he will provide the financial details of the contract; and if he will make a statement on the matter. [19821/15]

Photo of Alan KellyAlan Kelly (Tipperary North, Labour)
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I propose to take Questions Nos. 921 to 923, inclusive, together.

The Government has committed to take decisive action to address the mortgage arrears challenge; to ensure that a full range of options is available to distressed borrowers; and to keep as many people in their homes as possible.

As part of the package of commitments on mortgage arrears announced by Government recently, a number of amendments to the private (AHB) mortgage to rent scheme are included which will enable more properties to qualify for this scheme. These amendments do not require legislative changes to be brought into effect. The administrative changes required will be in place by the end of June.

My Department has been involved in on-going discussions internally, and with Approved Housing Bodies, Financial Institutions and the Housing Agency regarding the operation and progress on the private (AHB) mortgage to rent scheme. These discussions are not the subject to financial contracts but form part of an ongoing process of engagement with relevant stakeholders to remove any obstacles that may arise in the implementation of the scheme.

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