Dáil Éireann Debate, Wednesday - 27 February 2019
214. Deputy Jan O'Sullivan asked the Minister for Housing, Planning and Local Government if he will publish the credit policy in relation to applications for the Rebuilding Ireland home loan fixed rate; and if he will make a statement on the matter. [9773/19]
Amharc ar fhreagraThe Credit Policy document for the Rebuilding Ireland Home Loan scheme provides detailed guidance to the Housing Agency and local authorities for assessing and approving applications for a Rebuilding Ireland Home Loan (RIHL). It includes guidance on assessing an applicant’s income, their ability to repay a loan, and other factors in determining whether a loan should be approved or the amount that should be approved, in each case. This is similar to credit assessments undertaken by commercial mortgage providers.
Given the nature of some of the material in the Credit Policy it is considered that publication of the Policy in full could prejudice the effectiveness of the credit committee in reaching a balanced decision on the merits of an individual mortgage application under this scheme. Therefore a redacted version of the Policy has been published, which is available on the Rebuilding Ireland Home Loan website at the following link:
http://rebuildingirelandhomeloan.ie/uploads/files/RIHL%20Redacted%20Credit%20Policy%20-%20Final.pdf .
