Dáil Éireann Debate, Tuesday - 11 July 2023
406. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage the number of mortgage to rent applications to date in 2023 through AHBs, local authorities and Home for Life, respectively. [34075/23]
View answerThe 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 concept of the scheme is that a household with an unsustainable mortgage goes from being a homeowner to being a social housing tenant.
The table below sets out the number of mortgage to rent applications received to the end of June 2023.
|
Applications |
|
|
MTR applications received from Home for Life |
117 |
|
MTR applications received from AHBs |
43 |
|
Local Authorities MTR applications received |
4 |
A further 19 MTR applications have been received but have not yet been assigned to a MTR provider.
The Housing Agency publishes, on a quarterly basis, detailed statistical information on the operation of the MTR scheme, which can be accessed on The Housing Agency's website at the following link: www.housingagency.ie/housing-information/mortgage-rent-statistics .
