The Rebuilding Ireland Home Loan is a Government-backed mortgage for first-time buyers and has been made available nationwide from local authorities from 1 February 2018. The loan can be used both for new and second-hand properties, or to build your own home.
Section 63(3) of the Local Government Act 2001 provides that, subject to law, a local authority is independent in the performance of its functions. Section 6 of the Housing (Miscellaneous Provisions) Act 2009 specifically provides that the Minister's power to issue policy directions and guidelines to housing authorities in relation to their housing functions should not be construed as enabling the Minister to exercise any power or control in relation to any individual case with which a housing authority is or may be concerned. I am, therefore, precluded from intervening in relation to individual cases such as this.
The final decision on loan approval is a matter for each local authority and its Credit Committee on a case-by-case basis. Decisions on all housing loan applications must be made in accordance with the statutory credit policy that underpins the scheme, in order to ensure consistency of treatment for all applicants.
Loan applicants who are dissatisfied with a loan application decision of a local authority Credit Committee may appeal that decision to the local authority. Details of the appeals process can be obtained from the relevant local authority. Alternatively they can address the issues raised in their initial loan refusal and apply again once these issues have been resolved, which may be applicable to the situation experienced by persons (details supplied).