Dáil Éireann Debate, Thursday - 6 May 2021
75. Deputy Bernard J. Durkan asked the Minister for Housing, Local Government and Heritage his plans to simplify access to Rebuilding Ireland home loans in order to accelerate their availability and meet the housing needs of many couples; and if he will make a statement on the matter. [23516/21]
View answerThe Rebuilding Ireland Home Loan Scheme is designed to enable credit worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties. The Rebuilding Ireland Home Loan provides first-time buyers with access to mortgage finance that they may not otherwise have been able to afford at a higher interest rate. More details of this are set out in the FAQ's section of the Rebuilding Ireland Home Loan and in the link below.
http://rebuildingirelandhomeloan.ie/borrowing/
€210 million has been secured to allow local authorities to lend through the Rebuilding Ireland Home Loan scheme in 2021. Allocations for new lending approvals in 2021 have already been communicated to all 31 local authorities.
