Dáil Éireann Debate, Tuesday - 10 November 2015
519. Deputy Michael McGrath asked the Minister for the Environment, Community and Local Government the number of mortgage-to-rent transactions that have been fully completed to date; and if he will make a statement on the matter. [39347/15]
View answerUnder the Approved Housing Body (AHB) Mortgage to Rent Scheme a total of 3,120 cases were considered to the end of October 2015. Of these, 2,298 were ineligible or terminated during the process, including 282 cases not progressed because the household in question was deemed to be over or under accommodated, 869 cases withdrawn by the lender involved during the process, 206 applications found to have been submitted in duplicate by the lender, and 941 cases that did not qualify for a range of reasons including the householder’s circumstances improving during the process, no social housing demand in the area, the householder’s income over the set limits and poor condition of the property. Of the remaining 822 cases, agreement on the sale could not be reached on 49 cases, 20 are currently with the lenders who are seeking the consent of borrowers to share information and for the carrying out of an independent valuation, 634 are actively being progressed and 119 cases have been approved.
