Dáil Éireann Debate, Thursday - 21 February 2019
214. Deputy Anne Rabbitte asked the Minister for Housing, Planning and Local Government if planning permission is sufficient for initial approval of a loan when a person applies for a Rebuilding Ireland home loan on a self-build; and if he will make a statement on the matter. [8934/19]
Amharc ar fhreagraApplicants for the Rebuilding Ireland Home Loan, whether to purchase or self-build, must first of all satisfy all the eligibility criteria, details of which are available on the dedicated website, http://rebuildingirelandhomeloan.ie/.
Applicants applying for loan approval to build their own home may be approved for a loan, subject to the condition that they obtain planning permission for the site on which the construction is to occur. However they must have full planning permission for the site before they will be allowed to draw down the loan.
In addition to this, applicant(s) are required to submit with their loan application a valuation report that details the site value, cost of works and post construction market value of the completed property. The valuation report is required to be completed by an independent valuer and will be considered by the local authority in assessing the associated loan application.
