Dáil Éireann Debate, Wednesday - 10 March 2021
366. Deputy Martin Browne asked the Minister for Housing, Local Government and Heritage if his attention has been drawn to the fact that a person (details supplied) in County Tipperary contacted his office regarding a Rebuilding Ireland home loan application; and if he will ensure they are not excluded from same due to their medical history. [12500/21]
View answerThe local authority mortgage protection insurance (MPI) scheme applies to all house purchase loans approved by local authorities since 1 July 1986, including the Rebuilding Ireland Home Loan introduced on 1 February 2018. It is an important safeguard for both applicants and lenders.
One of the conditions of the MPI scheme, which is a group policy, is that it is obligatory for all local authority borrowers who meet the eligibility criteria to join the scheme. Altering any conditions of the MPI Scheme could have negative impacts and increase the cost for all existing borrowers. A local authority housing loan applicant who is not eligible for the local authority MPI scheme must source a suitable comparable individual MPI policy from the market.
As Minister, I am statutorily precluded from intervening in relation to individual cases such as this.
