Written answers
Tuesday, 25 May 2021
Department of Housing, Planning, and Local Government
Departmental Schemes
Duncan Smith (Dublin Fingal, Labour)
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298. To ask the Minister for Housing, Planning, and Local Government his plans to extend the Rebuilding Ireland home loan scheme to include first time buyers undertaking substantial renovation works on second-hand properties; his plans to extend supports to first time buyers who are unable to receive full mortgages from banks in circumstances in which the first time buyer is seeking to purchase a second-hand property in need of substantial renovation; and if he will make a statement on the matter. [28348/21]
Darragh O'Brien (Dublin Fingal, Fianna Fail)
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The Rebuilding Ireland Home Loan is designed to enable suitable first time buyers who cannot access sufficient mortgage finance from commercial lenders, to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range or to self build. However, it does not include undertaking refurbishment of existing houses.
There are no plans currently to include refurbishment of existing houses as part of the Rebuilding Ireland Home Loan Scheme.
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