The Mortgage to Rent (MTR) scheme was introduced in 2012 for borrowers of commercial lending institutions and is targeted at those households in mortgage arrears who have had their mortgage position deemed unsustainable by their lender under the Mortgage Arrears Resolution Process (MARP), who agree to the voluntary surrender of their home and who have very limited options, if any, to meet their long-term housing needs themselves. In addition, the household must be deemed eligible for social housing support. The borrower surrenders their property to their lender who sells it to a MTR provider which can be either an Approved Housing Body (AHB) or since 2018 a private company, Home for Life Ltd.
In the case of the private MTR provider, they enter into a long-term lease arrangement with the local authority in whose area the property is situated for a defined term at an agreed rent, thereby enabling the borrower to remain living in their own home under a tenancy agreement with the local authority.
The table below outlines the total payment made by the Department to each local authority under the Private Mortgage to Rent scheme in the years 2019, 2020 and 2021. There were no payments made in 2018.
Local Authority
|
2019
|
2020
|
2021
|
Carlow County Council
|
€0
|
€17,226
|
€127,037
|
Cavan County Council
|
€0
|
€0
|
€51,121
|
Clare County Council
|
€0
|
€0
|
€142,225
|
Cork City Council
|
€0
|
€0
|
€78,095
|
Cork County Council
|
€0
|
€0
|
€257,040
|
DLR County Council
|
€0
|
€0
|
€65,478
|
Donegal County Council
|
€0
|
€4,248
|
€44,693
|
Dublin City Council
|
€0
|
€0
|
€0
|
Fingal County Council
|
€0
|
€32,209
|
€295,171
|
Galway City Council
|
€0
|
€0
|
€13,424
|
Galway County Council
|
€0
|
€17,750
|
€115,274
|
Kerry County Council
|
€0
|
€0
|
€66,629
|
Kildare County Council
|
€0
|
€16,213
|
€412,902
|
Kilkenny County Council
|
€0
|
€0
|
€91,297
|
Laois County Council
|
€0
|
€0
|
€179,010
|
Leitrim County Council
|
€0
|
€0
|
€33,104
|
Limerick City & County Council
|
€0
|
€6,693
|
€176,542
|
Longford County Council
|
€0
|
€3,433
|
€18,560
|
Louth County Council
|
€0
|
€14,049
|
€302,786
|
Mayo County Council
|
€0
|
€0
|
€81,366
|
Meath County Council
|
€0
|
€19,881
|
€435,113
|
Monaghan County Council
|
€0
|
€0
|
€30,537
|
Offaly County Council
|
€4,673
|
€8,220
|
€113,749
|
Roscommon County Council
|
€0
|
€0
|
€61,974
|
Sligo County Council
|
€0
|
€4,865
|
€80,131
|
South Dublin County Council
|
€0
|
€0
|
€325,518
|
Tipperary County Council
|
€0
|
€0
|
€184,068
|
Waterford City & County Council
|
€0
|
€30,481
|
€170,135
|
Westmeath County Council
|
€5,285
|
€22,069
|
€181,488
|
Wexford County Council
|
€0
|
€0
|
€237,550
|
Wicklow County Council
|
€0
|
€0
|
€352,050
|
Total
|
€9,958
|
€197,337
|
€4,724,067
|