Maurice Quinlivan (Limerick City, Sinn Fein)
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138. To ask the Minister for Housing, Planning, and Local Government his plans to reduce the deposit of 10% for applicants to the Rebuilding Ireland home loan for the purpose of purchasing a property under the incremental purchase scheme; and if he will make a statement on the matter. [17597/20]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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The Housing (Rebuilding Ireland Home Loans) Regulations (S.I. No 25 of 2018) provide that the loan provided cannot exceed 90% of the market value of the property. The credit assessment is the same for all Rebuilding Ireland Home Loan applicants, whether they are purchasing a home on the private market or a home under the incremental purchase scheme.

The final decision on loan approval is a matter for each local authority and its Credit Committee on a case-by-case basis. Decisions on all housing loan applications must be made in accordance with the statutory credit policy that underpins the scheme, in order to ensure consistency of treatment for all applicants.

I do not have plans to increase the maximum 90% loan to market value condition.