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Mortgage to Rent Scheme Data

Dáil Éireann Debate, Thursday - 19 November 2015

Thursday, 19 November 2015

Questions (63)

Pearse Doherty

Question:

63. Deputy Pearse Doherty asked the Minister for Finance the number of properties sold by AIB, Bank of Ireland and Permanent TSB through both the approved housing body mortgage-to-rent scheme and the local authority mortgage-to-rent scheme in tabular form; and if he will make a statement on the matter. [41041/15]

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Written answers

The following is a breakdown of properties sold by each of the banks through the Approved Housing Body Mortgage to Rent Scheme:

Bank

Housing Agency MTR Scheme

AIB

5

PTSB

10

Bank of Ireland have indicated that their Annual Report includes all required declarations to the market in relation to its Residential Irish Mortgage Portfolios. The most recent full year for which an Annual Report is available is 2014 at https://www.bankofireland.com/fs/doc/wysiwyg/boi-annual-report-2014.pdf

There is a separate Mortgage-To-Rent Scheme in operation for borrowers in arrears with a local authority provided mortgage, however this applies only to properties owned by local authorities and therefore does not include any properties being sold by the banks.

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