Written answers
Wednesday, 17 February 2021
Department of Housing, Planning, and Local Government
Home Loan Scheme
Francis Noel Duffy (Dublin South West, Green Party)
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268. To ask the Minister for Housing, Planning, and Local Government if he will further extend the approval period for a Rebuilding Ireland home loan in view of difficulties buying properties due to Covid-19; and if he will make a statement on the matter. [8054/21]
Darragh O'Brien (Dublin Fingal, Fianna Fail)
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The Rebuilding Ireland Home Loan scheme remains open for business. All local authorities are receiving and processing applications and are incorporating increased flexibility to accommodate applicants during the COVID 19 Pandemic.
The Rebuilding Ireland Home Loan scheme Approval in Principle letter is usually valid for a period of 6 months from date of issue. Approvals can exceed six months and applicants seeking an extension to their approval in principle should contact their local authority.
The final decision on loan approval is a matter for each local authority and its Credit Committee on a case-by-case basis.
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