Departmental Schemes

Dáil Éireann Debate, Tuesday - 25 May 2021

Tuesday, 25 May 2021

Questions (298)

Duncan Smith

Question:

298. Deputy Duncan Smith asked the Minister for Housing, Local Government and Heritage his plans to extend the Rebuilding Ireland home loan scheme to include first time buyers undertaking substantial renovation works on second-hand properties; his plans to extend supports to first time buyers who are unable to receive full mortgages from banks in circumstances in which the first time buyer is seeking to purchase a second-hand property in need of substantial renovation; and if he will make a statement on the matter. [28348/21]

Written answers

Minister for Housing, Local Government and Heritage

The Rebuilding Ireland Home Loan is designed to enable suitable first time buyers who cannot access sufficient mortgage finance from commercial lenders, to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range or to self build. However, it does not include undertaking refurbishment of existing houses.

There are no plans currently to include refurbishment of existing houses as part of the Rebuilding Ireland Home Loan Scheme.