Written answers

Wednesday, 20 May 2020

Department of Housing, Planning, and Local Government

Private Rented Accommodation

Photo of Joan CollinsJoan Collins (Dublin South Central, Independents 4 Change)
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1353. To ask the Minister for Housing, Planning, and Local Government if his attention has been drawn to institutional landlords availing of mortgage holidays from banks; and if so, if mortgage holidays are not being passed on to tenants but are fuelling dividends to shareholders. [6272/20]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
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My Department recently published a Guidance Document on COVID-19 supports for landlords and tenants which sets out the emergency rental measures and income and other supports available to tenants and landlords during the emergency period. The Guidance document is available at:

https://onestopshop.rtb.ie/images/uploads/general/COVID_Update_Guidance_Document_final.pdf. 

and a list of Frequently Asked Questions has been developed and is available at:

https://onestopshop.rtb.ie/images/uploads/Comms%20and%20Research/FAQs_on_Emergency_Legislation_Final.pdf. 

Support for buy-to-let mortgage holders with tenants affected by COVID-19 is being provided by the banking sector, including mortgage repayment breaks of up to 6 months by some financial institutions. 

Any landlord facing potential difficulties in making loan repayments because of COVID-19 is advised to contact their bank or credit servicer as early as possible. All of the existing protections for customers who face actual or potential financial difficulties continue to apply. Banks, retail credit and credit servicing firms have introduced payment breaks on mortgages, personal loans and business loans for some business and personal customers affected by COVID-19.

My Department has no information on private contractual agreements between landlords and their finance providers nor between landlords and their tenants.

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