Dáil Éireann Debate, Tuesday - 24 July 2018
2737. Deputy Éamon Ó Cuív asked the Minister for Housing, Planning and Local Government the number of applications received to date under the mortgage-to-rent scheme since its inception; the number of these approved; and if he will make a statement on the matter. [34468/18]
Amharc ar fhreagraThe Mortgage to Rent (MTR) scheme introduced in 2012 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.
Since the introduction of the Mortgage to Rent (MTR) Scheme in 2012, a total of 4,121 cases had been submitted under the scheme to the end of June 2018. Of the 4,121 cases submitted, 2,984 were ineligible or terminated during the process. Of the remaining cases submitted, 357 have been completed, and the remaining 780 are actively being progressed.
The Housing Agency publishes, on a quarterly basis, detailed statistical information on the operation of the MTR scheme, including the number of applications received and the completed transactions. This information is available on the Agency's website at the following link: www.housingagency.ie/our-services/housing-supply-services/mortgage-to-rent.aspx.
