Tuesday, 15 December 2020

Questions (278)

Patrick O'Donovan


278. Deputy Patrick O'Donovan asked the Minister for Housing, Local Government and Heritage his plans to include existing owners of derelict properties in the Rebuilding Ireland home loan scheme; and if he will make a statement on the matter. [43117/20]

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Written answers (Question to Housing)

Following a review of the two existing local authority home loan schemes, the House Purchase Loan and the Home Choice Loan, a new loan offering was introduced, from 1 February 2018, known as the Rebuilding Ireland Home Loan.

In line with the previous schemes, the Rebuilding Ireland Home Loan is designed to enable creditworthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, or to self-build; it does not include undertaking renovation projects. I have no plans to change this requirement at present.