Dáil Éireann Debate, Thursday - 23 March 2017
111. Deputy Robert Troy asked the Minister for Housing, Planning, Community and Local Government if he will ensure that persons (details supplied) are placed on the mortgage to rent scheme without delay; and if he will make a statement on the matter. [14766/17]
View answerThe Mortgage to Rent (MTR) scheme for borrowers of private commercial lending institutions introduced in 2012 is targeted at those households in arrears who are eligible for social housing support whose mortgage is unsustainable. To be eligible for the scheme a household must have had their mortgage position deemed unsustainable by their lender under the Mortgage Arrears Resolution Process (MARP) and agree to the voluntary surrender of their home. In addition, the household must be deemed eligible for social housing support.
I am not in a position to comment on any particular case nor would it be appropriate for me to do so. The reasons why a case has not progressed are varied and can depend on the lender, the property, the household and the ability of the Approved Housing Body to increase their involvement in the scheme. Where MTR is not an option, it will be a matter for the borrower to discuss with their lender if there are other options available to resolve their mortgage arrears situation.
