Wednesday, 17 February 2021

Questions (268)

Francis Noel Duffy

Question:

268. Deputy Francis Noel Duffy asked the Minister for Housing, Local Government and Heritage if he will further extend the approval period for a Rebuilding Ireland home loan in view of difficulties buying properties due to Covid-19; and if he will make a statement on the matter. [8054/21]

View answer

Written answers (Question to Housing)

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.