Dáil Éireann Debate, Wednesday - 17 September 2014
1556. Deputy Sean Fleming asked the Minister for the Environment, Community and Local Government the number of shared ownership loan schemes currently in existence by local authority area; the total amount outstanding; the number of these accounts that are in arrears; the total amount of these arrears; and if he will make a statement on the matter. [34139/14]
View answerAlthough my Department publishes a wide range of housing statistics, including the number and value of local authority mortgages with a breakdown of those in arrears, there is no breakdown of Shared Ownership Mortgages available. The statistics on local authority mortgage arrears are available on my Department’s website at:http://www.environ.ie/en/Publications/StatisticsandRegularPublications/HousingStatistics/FileDownLoad,15295,en.xls by clicking “Mortgage Data/Arrears in Local Authorities” under the Housing Loans contents.
The Mortgage Arrears Resolution Process, already in place in respect of commercial mortgages, is now being implemented across all local authorities. In cases of acute mortgage distress, homeowners also have the option of seeking to avail of the legal process now also in place to deal with personal insolvency.
My Department’s guidelines to local authorities for dealing with mortgage arrears within the local authority sector, Dealing with Mortgage Arrears – A Guide for Local Authorities, is available on my Department’s website at: http://www.environ.ie/en/Publications/DevelopmentandHousing/Housing/FileDownLoad,30943,en.pdf
