Written answers

Tuesday, 26 March 2019

Department of Housing, Planning, and Local Government

Home Loan Scheme

Photo of Donnchadh Ó LaoghaireDonnchadh Ó Laoghaire (Cork South Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

1405. To ask the Minister for Housing, Planning, and Local Government the waiting times for the Rebuilding Ireland home loan scheme in the Cork County Council area by three, six, nine and 12 months, respectively, from the application being accepted to approval. [13510/19]

Photo of Donnchadh Ó LaoghaireDonnchadh Ó Laoghaire (Cork South Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

1406. To ask the Minister for Housing, Planning, and Local Government the waiting times for the Rebuilding Ireland home loan scheme in the Cork City Council area by three, six, nine and 12 months, respectively, from the application being accepted to approval. [13511/19]

Photo of Donnchadh Ó LaoghaireDonnchadh Ó Laoghaire (Cork South Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

1407. To ask the Minister for Housing, Planning, and Local Government the waiting times for the Rebuilding Ireland home loan scheme in the Louth County Council area by three, six, nine and 12 months, respectively, from the application being accepted to approval. [13512/19]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 1405 to 1407, inclusive, together.

In accordance with the Regulations establishing the Rebuilding Ireland Home Loan scheme, the local authorities are the statutory bodies responsible for approving and issuing mortgages under the scheme. Each authority has a credit committee, which is responsible for making the final decisions, within its area, regarding loan applications.

As such, my Department does not routinely collect the information referred to by the Deputy. However, towards the end of last year, for the purposes of a review of the operation of the Rebuilding Ireland Home Loan scheme that has been undertaken by my Department, a request was made to a number of local authorities for information regarding processing times for loan applications.

Based on the information from those local authorities, and from the Housing Agency with regard to its assessment of applications, it is estimated the average time taken to process applications last year was seven weeks. This is in line with the expected timeframe of 6-8 weeks as set out on the RIHL website.

Photo of Donnchadh Ó LaoghaireDonnchadh Ó Laoghaire (Cork South Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

1408. To ask the Minister for Housing, Planning, and Local Government the number of applications to Cork County Council for the Rebuilding Ireland home loan scheme in each month from January 2018 to January 2019, in tabular form. [13514/19]

Photo of Donnchadh Ó LaoghaireDonnchadh Ó Laoghaire (Cork South Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

1409. To ask the Minister for Housing, Planning, and Local Government the number of applications to Cork City Council for the Rebuilding Ireland home loan scheme in each month from January 2018 to January 2019, in tabular form. [13515/19]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 1408 and 1409 together.

My Department does not collect data in relation to the numbers of applications for the Rebuilding Ireland Home Loan (RIHL) that are currently with local authorities. Data is collected by my Department on a quarterly basis from local authorities with regard to the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to Q3 2018, including in relation to number and value of mortgage drawdowns, is available on the Department's website at the following link: www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity, and this information is updated on a quarterly basis as additional data is compiled.

The Housing Agency provides a central support service, which assesses applications for the Rebuilding Ireland Home Loan on behalf of the local authorities and makes recommendations to the authorities to approve or refuse applications.

Last year, I asked the Agency to compile figures on its processing of applications, which includes the number of applications they have assessed and subsequently recommended to approve for individual local authorities on a month-by-month basis. These were available from September 2018 onwards, with the most recent data available as of the end of February 2019.

The relevant data for Cork City and County Councils are set out in the following tables:

Cork City Council

Month Applications Assessed (Cumulative)Applications Recommended to Approve (Cumulative)
September77 37
October87 43
November101 51
December101 53
January112 56
February125 63

Cork County Council

Month Applications Assessed (Cumulative)Applications Recommended to Approve (Cumulative)
September169 93
October196 104
November222 118
December222 133
January262 145
February282 159

Comments

No comments

Log in or join to post a public comment.