Dáil Éireann Debate, Tuesday - 20 March 2018
1043. Deputy Jack Chambers asked the Minister for Housing, Planning and Local Government the number of applications that have been received for the Rebuilding Ireland home loan scheme; the number of these applications that have been successful and unsuccessful to date respectively; the number that were unsuccessful as a result of income earned through overtime payments; and if he will make a statement on the matter. [12368/18]
Amharc ar fhreagraFollowing a review of the two existing local authority home loan schemes, the House Purchase Loan and the Home Choice Loan, a new loan offering, known as the Rebuilding Ireland Home Loan, was introduced on 1 February 2018.
As with the previous local authority home loan offerings, the Rebuilding Ireland Home Loan is a local authority product and loan applications are made directly to the local authority in whose area the property proposed for purchase is situated. My Department does not collect information on the number of enquiries to local authorities regarding the loan, the number of complete loan applications received by local authorities, or the reasons as to why a loan application may be declined.
As is currently the case, my Department will continue to publish information on the overall number and value of (1) local authority loan approvals and (2) local authority loan drawdowns on its website at the following link - http://www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity. This information is currently updated to end Q3 2017; Q4 data will be published shortly.
