Dáil Éireann Debate, Wednesday - 27 January 2021
341. Deputy Aengus Ó Snodaigh asked the Minister for Housing, Local Government and Heritage if consideration will be given to extending the Rebuilding Ireland home loan validation timeframe for those who have been approved (details supplied). [4130/21]
View answer342. Deputy Aengus Ó Snodaigh asked the Minister for Housing, Local Government and Heritage if consideration will be given to the request by a person (details supplied) to extend the validation of an approved Rebuilding Ireland home loan. [4131/21]
View answer356. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage if he will extend the mortgage offer period in the Rebuilding Ireland home loan scheme from six to 12 months in light of the difficulties many buyers are having in pursuing a home purchase in light of the ongoing Covid-19 restrictions. [4412/21]
View answerI propose to take Questions Nos. 341, 342 and 356 together.
The Rebuilding Ireland Home Loan scheme remains open for business. All local authorities are receiving and processing applications and are incorporating increased flexibility to accommodate applicants during the COVID 19 Pandemic.
The Rebuilding Ireland Home Loan scheme Approval in Principle letter is usually valid for a period of 6 months from date of issue. Approvals can exceed six months and applicants seeking an extension to their approval in principle should contact their local authority.
The final decision on loan approval is a matter for each local authority and its Credit Committee on a case-by-case basis.
