Dáil Éireann Debate, Tuesday - 17 April 2018
1606. Deputy Micheál Martin asked the Minister for Housing, Planning and Local Government to outline his plans to review the income thresholds under the Rebuilding Ireland home loan scheme for couples (details supplied); and if he will make a statement on the matter. [16350/18]
View answerIt continues to be the case under the Rebuilding Ireland Home Loan, which was introduced on 1 February 2018, as with the previous local authority House Purchase Loan, that single applicants applying for the loan must not be earning more than €50,000 gross per annum and the combined income of joint applicants must not be greater than €75,000 gross per annum. This is to ensure the effective targeting of limited resources. I have no plans to review these income limits at present.
The option for borrowers with incomes in excess of the income limits set for the Rebuilding Ireland Home Loan is to seek housing finance from a commercial lender.
