Written answers
Tuesday, 6 October 2020
Department of Housing, Planning, and Local Government
Home Loan Scheme
Seán Canney (Galway East, Independent)
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62. To ask the Minister for Housing, Planning, and Local Government his plans to expand the Rebuilding Ireland home loan scheme to include the refurbishment costs in addition to the capital costs of the house; and if he will make a statement on the matter. [26864/20]
Denis Naughten (Roscommon-Galway, Independent)
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88. To ask the Minister for Housing, Planning, and Local Government if the Rebuilding Ireland home loan scheme will be extended to include the refurbishment cost in addition to the capital cost of the house; and if he will make a statement on the matter. [28420/20]
Darragh O'Brien (Dublin Fingal, Fianna Fail)
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I propose to take Questions Nos. 62 and 88 together.
Following a review of the two existing local authority home loan schemes, the House Purchase Loan and the Home Choice Loan, a new loan offering was introduced, from 1 February 2018, known as the Rebuilding Ireland Home Loan. In line with the previous schemes, the Rebuilding Ireland Home Loan is designed to enable credit worthy first time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, or to self build; it does not include undertaking renovation projects. I have no plans to change this requirement at present.
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