Dáil Éireann Debate, Thursday - 12 July 2018
726. Deputy Catherine Martin asked the Minister for Housing, Planning and Local Government the number of single person applications and combined person applications that have been made, accepted as valid and granted to date for the Rebuilding Ireland home loan scheme in tabular form; and if he will make a statement on the matter. [31667/18]
Amharc ar fhreagraAs with the previous local authority home loan offerings, loan applications under the Rebuilding Ireland Home Loan are made directly to the local authority in whose area the property proposed for purchase is situated. My Department does not directly collect information on the number of enquiries to local authorities regarding the loan or the number of loan applications received by local authorities.
However, as is currently the case, my Department will continue to publish information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to Q4 2017 is available on the Department's website at the following link: http://www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity, and this information will be updated on a quarterly basis as additional data is compiled.
The Housing Agency provide a central support service for the Rebuilding Ireland Home Loan by assessing loan applications that are made to the local authorities and make recommendations to the authorities as to whether loans should be offered to applicants.
I have asked the Agency to centrally compile figures on the number of applications that it has assessed from single and joint applicants. The most recent figures available, as at the end of June, indicate that the Agency had received a total of 1,963 applications for assessment from local authorities. Of these, 815 or 42% were from single applicants, while 1,148 or 58% were from joint applicants.
|
Application Type |
Feb |
Mar |
Apr |
May |
Jun |
Total |
|
Single |
114 |
150 |
154 |
208 |
189 |
815 |
|
Joint |
152 |
224 |
202 |
295 |
275 |
1,148 |
|
Grand Total |
266 |
374 |
356 |
503 |
464 |
1,963 |
Of the 1,963 applications received, 1,510 (or 77%) were deemed to be valid. Of these valid applications, 1,326 had been assessed and 696 of these (52%) had been recommended for approval. Of the 696 valid applications that have been recommended for approval by the Housing Agency, the figures for both single and joint applicants are detailed in the following table:
|
Application Type |
Feb |
Mar |
Apr |
May |
Jun |
Total |
|
Single |
34 |
41 |
61 |
111 |
50 |
297 |
|
Joint |
43 |
60 |
81 |
150 |
65 |
399 |
|
Total |
77 |
101 |
142 |
261 |
115 |
696 |
As some applications received in May and June may still be under consideration, the figures for these months may be subject to change.
