Dáil Éireann Debate, Thursday - 29 March 2018
449. Deputy Michael Lowry asked the Minister for Housing, Planning and Local Government the reason the official information booklet and website published for the Rebuilding Ireland home loan does not state information (details supplied) in connection to the deposit criteria of the home loan application process. [14556/18]
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, the Rebuilding Ireland Home Loan, was made available on 1 February 2018.
The new loan enables credit-worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range. The low rate of fixed interest associated with the Rebuilding Ireland Home Loan provides first time buyers with access to mortgage finance that they may not otherwise have been able to afford at a higher interest rate.
Full details of the loan’s eligibility criteria and other information is available from the dedicated Rebuilding Ireland Home Loan website, http://rebuildingirelandhomeloan.ie/.
In relation to the deposit criteria issue referred to, I have asked my Department to liaise with the Housing Agency to provide additional detail on the website in order to clarify this issue for prospective applicants.
