Tuesday, 29 September 2020

Ceisteanna (379)

Seán Canney

Ceist:

379. Deputy Seán Canney asked the Minister for Housing, Local Government and Heritage his plans to expand the Rebuilding Ireland home loan scheme to include the refurbishment costs in addition to the capital costs of the house; and if he will make a statement on the matter. [27130/20]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Housing)

Following a review of the two existing local authority home loan schemes, the House Purchase Loan and the Home Choice Loan, a new loan offering was introduced, from 1 February 2018, known as the Rebuilding Ireland Home Loan.  In line with the previous schemes, the Rebuilding Ireland Home Loan is designed to enable credit worthy first time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, or to self build; it does not include undertaking renovation projects.  I have no plans to change this requirement at present.