Home Loan Scheme

Dáil Éireann Debate, Tuesday - 3 November 2020

Tuesday, 3 November 2020

Ceisteanna (596)

Eoin Ó Broin

Ceist:

596. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the number of Rebuilding Ireland home loans that have been drawn down by applicants who went on the wage subsidy scheme after having received mortgage approval in principal by month in tabular form; and the number of applicants on the wage subsidy scheme who have received mortgage approval in principal on foot of an application submitted after they went onto the wage subsidy scheme. [32702/20]

Freagraí scríofa

Minister for Housing, Local Government and Heritage

My Department does not collect information on the number of Rebuilding Ireland home loans that have been drawn down by applicants who went on the wage subsidy scheme after having received mortgage approval in principal; or the number of applicants on the wage subsidy scheme who have received mortgage approval in principal on foot of an application submitted after they went onto the wage subsidy scheme.

My Department publishes information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Local authority approval means that an official letter of offer has been sent to a borrower (and therefore relates to a specific property and loan amount).

My Department has issued data requests for the first two quarters of 2020 and figures for these quarters will be made available in due course at the following link:

https://www.housing.gov.ie/housing/statistics/house-prices-loans-and-profile-borrowers/local-authority-loan-activity

Questions Nos. 597 and 598 answered with Question No. 595.