Written answers

Wednesday, 21 April 2021

Department of Housing, Planning, and Local Government

Housing Policy

Photo of Seán HaugheySeán Haughey (Dublin Bay North, Fianna Fail)
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806. To ask the Minister for Housing, Planning, and Local Government if he will increase the income limits for eligibility for the Rebuilding Ireland home loan scheme; and if he will make a statement on the matter. [20445/21]

Photo of Richard BrutonRichard Bruton (Dublin Bay North, Fine Gael)
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825. To ask the Minister for Housing, Planning, and Local Government if he plans to increase the income threshold on Rebuilding Ireland home loans in view of the difficulty for those earning over € 50,000 to €75,000 purchasing with bank mortgages. [20766/21]

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail)
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I propose to take Questions Nos. 806 and 825 together.

Single applicants for the Rebulding Ireland Home Loan must not be earning greater than €50,000 gross per annum. The combined income of joint applicants must not be greater than €75,000 gross per annum. There are no set minimum income limits; however, applicants do need to have sufficient borrowing and repayment capacity and must be capable of repaying the mortgage in accordance with the statutory credit policy underpinning the loan. These income limits are unchanged from the previous local authority loan offerings.

The Programme for Government "Our Shared Future" contains a commitment to expand the Rebuilding Ireland Home Loan and work to review its operation is in train.

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