Tuesday, 15 December 2020

Questions (278)

Patrick O'Donovan

Question:

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.