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Mortgage to Rent Scheme

Dáil Éireann Debate, Wednesday - 3 May 2017

Wednesday, 3 May 2017

Questions (176)

Jackie Cahill

Question:

176. Deputy Jackie Cahill asked the Minister for Housing, Planning, Community and Local Government the rights a person has in purchasing back a house under the mortgage to rent scheme (details supplied); and if he will make a statement on the matter. [20918/17]

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Written answers

Under the Government's Mortgage to Rent scheme for borrowers of commercial private lending institutions, a borrower who enters the scheme may buy back the property at market value after a period of 5 years. The Housing Agency administers the scheme on behalf of my Department. Further information on the scheme is available on the Housing Agency website: https://www.housingagency.ie/getattachment/Housing-Information/Mortgage-to-Rent-Scheme/A-Guide-to-the-Mortgage-to-Rent-Scheme-August-2015.pdf.

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