Dáil Éireann Debate, Wednesday - 20 February 2013
179. Deputy Ciarán Lynch asked the Minister for the Environment, Community and Local Government the number of households that have availed of the mortgage to rent scheme to date; the number of applications that have been made to each bank; the number that were approved; the number in the Dublin area; the number in the rest of the country; and if he will make a statement on the matter. [9256/13]
Amharc ar fhreagraOn foot of the recommendations of the Keane Report on mortgage arrears, the Government launched a mortgage to rent scheme on a pilot basis in February 2012. This scheme was extended nationally in June 2012, targeting low income families whose mortgage situation is unsustainable and where there is little or no prospect of a significant change in circumstances in the foreseeable future. The scheme ensures that the family remains in their home, while ownership is transferred to an approved housing body who in turn rent it to the original owners.
Householders seeking to avail of the mortgage to rent scheme must:
- have had their mortgage deemed unsustainable under a Mortgage Arrears Resolution Process as provided for under the Central Bank’s Code of Conduct on Mortgage Arrears;
- agree to a voluntary repossession of their home;
- be eligible for social housing support; and
- not have significant positive equity in the property.
Limits on household income, property value and applicant assets also apply. Borrowers wishing to avail of this scheme may access further information on the Housing Agency website, www.housing.ie
The details sought are set out in the table.
|
Lender |
Total Received |
Received Dublin |
Received Rest of County |
Total Approved |
Approved Dublin |
Approved Rest of Country |
|
Allied Irish Bank including EBS |
29 |
13 |
16 |
21 |
13 |
8 |
|
Bank of Ireland including ICS |
64 |
16 |
48 |
39 |
13 |
26 |
|
KBCI |
36 |
13 |
23 |
18 |
8 |
10 |
|
Permanent TSB |
140 |
44 |
96 |
61 |
25 |
36 |
|
Danske Bank (National Irish Bank) |
12 |
3 |
9 |
5 |
1 |
4 |
|
Start Mortgages |
154 |
18 |
136 |
33 |
5 |
28 |
|
Pepper Group (GE Money) |
276 |
55 |
221 |
127 |
34 |
93 |
|
Springboard |
1 |
1 |
0 |
1 |
1 |
0 |
|
Irish Bank Resolution Corporation |
14 |
3 |
11 |
7 |
0 |
7 |
|
Total |
726 |
166 |
560 |
312 |
100 |
212 |
