Wednesday, 22 May 2019

Ceisteanna (208)

Michael McGrath

Ceist:

208. Deputy Michael McGrath asked the Minister for Housing, Planning and Local Government the number of applications received to date under the Rebuilding Ireland home loan scheme; the number and value of mortgages that have been approved; the number of mortgages in which some or all of the mortgage has been drawn down; the amount drawn down to date; the number and value of applications in the system awaiting a decision; and if he will make a statement on the matter. [22205/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Housing)

The Housing Agency provides a central support service which assesses loan applications made to the local authorities and makes recommendations to the authorities as to whether loans should be offered to applicants.  I have asked the Agency to centrally compile figures on the numbers of applications that it has assessed and recommended for approval.  The most recent figures, as at the end of April, indicate that 3,912 applications had been assessed, of which 1,996 had been recommended for approval.  The value of the approvals was €373m.

My Department continues 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 2018 is available on the Department's website at the following link: 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.

As 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.