Eoin Ó Broin
Ceist:572. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the status of his proposed reforms of the mortgage to rent scheme. [1996/22]
Amharc ar fhreagraWednesday, 19 January 2022
Ceisteanna (572)
Freagraí scríofa
The Mortgage to Rent (MTR) scheme was introduced in 2012 for borrowers of commercial lending institutions and is targeted at those households in mortgage arrears who have had their mortgage position deemed unsustainable by their lender under the Mortgage Arrears Resolution Process (MARP), who agree to the voluntary surrender of their home and who have very limited options, if any, to meet their long-term housing needs themselves. In addition, the household must be deemed eligible for social housing support. To the end of September 2021, 1497 households with unsustainable private mortgages had completed the MTR process and 850 active cases are currently being progressed under the scheme.
As outlined in Housing For All, it is the Government's intention to strengthen the MTR Scheme to ensure that it is helping those that need it, with delivery of an average of 1,000 housing solutions every year from 2022 onwards. I have finalised the review of the Mortgage To Rent scheme and I expect to publish it later this month.