Tuesday, 24 November 2020

Questions (387, 388)

Bernard Durkan

Question:

387. Deputy Bernard J. Durkan asked the Minister for Housing, Local Government and Heritage the number of housing loans offered to date under the Rebuilding Ireland scheme; the number of such loans drawn down; and if he will make a statement on the matter. [38695/20]

View answer

Bernard Durkan

Question:

388. Deputy Bernard J. Durkan asked the Minister for Housing, Local Government and Heritage the number of Rebuilding Ireland home loans currently on hand and awaiting approval; and if he will make a statement on the matter. [38696/20]

View answer

Written answers (Question to Housing)

I propose to take Questions Nos. 387 and 388 together.

My Department does not collect information on the number of Rebuilding Ireland Home Loans applications on hand and awaiting approval as requested by the Deputy.

However, my Department does publish information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Local authority approval means that an official letter of offer has been sent to a borrower (and therefore relates to a specific property and loan amount).

Information on the Rebuilding Ireland Home Loan for 2019 and up to Q2 2020, including the number and value of mortgage approvals and drawdowns, as well as average loan amounts, are available on my Department's website at the following link:

www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity.

This information will be updated on a quarterly basis as additional data is compiled.

Information on the Rebuilding Ireland Home Loan for 2018 is also available through this link and can be found under local authority loans approved and local authority loans paid, however these figures are not detailed by loan type.