Results 181-200 of 480 for rebuilding ireland home loan speaker:Eoghan Murphy

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Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Loans (9 Apr 2019)

Eoghan Murphy: I thank the Deputy for the question. The Rebuilding Ireland home loan scheme was launched on 1 February of last year to replace the existing house purchase and home choice loan schemes. It provides a new line of mortgage finance that includes fixed rates over 25 to 30 years to creditworthy first-time buyers who cannot access sufficient mortgage finance from a commercial lender. The Housing...

Written Answers — Department of Housing, Planning, and Local Government: Social and Affordable Housing Provision (9 Apr 2019)

Eoghan Murphy: ...the Government’s key priorities is to address issues of housing affordability, including for low to middle-income households and workers.  A multi-stranded approach is being taken to support such households in achieving home ownership, particularly those households earning annual gross incomes up to €50,000 for single applicants and €75,000 for dual...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (9 Apr 2019)

Eoghan Murphy: The Rebuilding Ireland Home Loan scheme was launched in February last year to replace the existing House Purchase and the Home Choice Loan schemes. Towards the end of the year I asked my Department to undertake a review of its operation. In carrying out the review, the Department has consulted with a number of local authorities, the Housing Agency and the Housing Finance Agency....

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (9 Apr 2019)

Eoghan Murphy: I propose to take Questions Nos. 92 and 112 together. The Rebuilding Ireland Home Loan was launched on 1 February 2018 to replace the existing House Purchase and Home Choice Loan schemes, providing a new line of mortgage finance, including fixed rates over 25 to 30 years, to creditworthy first-time buyers who cannot access sufficient mortgage finance from commercial lender.   The...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (9 Apr 2019)

Eoghan Murphy: I propose to take Questions Nos. 606 and 645 together. The Rebuilding Ireland Home Loan was launched on 1 February 2018 to replace the existing House Purchase and Home Choice Loan schemes, providing a new line of mortgage finance, including fixed rates over 25 to 30 years, to creditworthy first-time buyers who cannot access sufficient mortgage finance from commercial lender.   The...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (9 Apr 2019)

Eoghan Murphy: Applicants for the Rebuilding Ireland Home Loan must be of good credit standing and have a satisfactory credit record.  A person who has been discharged from bankruptcy and is eligible in all other respects, including being a first-time buyer, for a Rebuilding Ireland Home Loan may apply for a loan and will be subject to the same credit assessment process that applies to all...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (9 Apr 2019)

Eoghan Murphy: The Rebuilding Ireland Home Loan scheme was launched in February last year to replace the existing House Purchase and the Home Choice Loan schemes. Towards the end of the year I asked my Department to undertake a review of its operation. In carrying out the review, the Department has consulted with a number of local authorities, the Housing Agency and the Housing Finance Agency....

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (9 Apr 2019)

Eoghan Murphy: The Rebuilding Ireland Home Loan was launched on 1 February 2018 to replace the existing House Purchase and Home Choice Loan schemes, providing a new line of mortgage finance, including fixed rates over 25 to 30 years, to creditworthy first-time buyers who cannot access sufficient mortgage finance from commercial lenders.   The HFA borrowed €200 million to fund the...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (3 Apr 2019)

Eoghan Murphy: Since its launch in February 2018, the Rebuilding Ireland Home Loan has proven to be more successful than was initially anticipated. Discussions are ongoing between my Department and the Departments of Public Expenditure and Reform and Finance with regard to further funding for the scheme and I hope that these will be concluded shortly. However, in the meantime, the scheme remains open and...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (2 Apr 2019)

Eoghan Murphy: My Department publishes information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to the end of Quarter 3 2018, including in relation to number and value of mortgage drawdowns, is available on the Department's website at the following link: . The Department does not collect information regarding the timelines for...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (2 Apr 2019)

Eoghan Murphy: Following a review of the two existing local authority home loan schemes, the House Purchase Loan and the Home Choice Loan, I introduced a new loan offering, known as the Rebuilding Ireland Home Loan in February last year, to replace the existing schemes. Since its launch in February 2018, the Rebuilding Ireland Home Loan has proven to be more successful than was initially anticipated....

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (2 Apr 2019)

Eoghan Murphy: The Rebuilding Ireland Home Loan Scheme enables credit-worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, where they cannot obtain sufficient mortgage finance from a commercial lender. The Regulations under which the Scheme is established provide that the loan is available to first-time buyers only. The...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (2 Apr 2019)

Eoghan Murphy: The final allocations assigned to each local authority for mortgage and home improvement loans in 2018 are detailed in the following table.  These final allocations are reflective of an internal rebalancing exercise carried out by my Department in respect of the approved allocations notified to the local authorities based on estimated drawdowns for 2018 as notified by the authorities. ...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (2 Apr 2019)

Eoghan Murphy: Since its launch in February 2018, the Rebuilding Ireland Home Loan has proven to be more successful than was initially anticipated. Discussions are ongoing between my Department and the Departments of Public Expenditure and Reform and Finance with regard to further funding for the scheme and I hope that these will be concluded shortly. However, in the meantime, the scheme remains open and...

Residential Tenancies (Prevention of Family Homelessness) Bill 2018: Second Stage [Private Members] (28 Mar 2019)

Eoghan Murphy: -----which has helped 10,000 people, individuals and couples, to get new homes? Would he replace the Rebuilding Ireland home loan, which has helped hundreds of people to buy their first home? Would he replace the rent pressure zones, which have meant that for the first time in two years, we have seen rents fall? Would he replace our social housing programme, under which one in every four...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (26 Mar 2019)

Eoghan Murphy: Applicants for the Rebuilding Ireland Home Loan must be of good credit standing and have a satisfactory credit record. The Housing Agency provides a central credit assessment service to local authorities and credit checks are undertaken as part of the credit assessment process. The final decision on loan approval is a matter for the relevant local authority and its credit committee on a...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (26 Mar 2019)

Eoghan Murphy: The Rebuilding Ireland Home Loan is a mortgage scheme for first-time buyers which has been available nationwide through local authorities from 1 February 2018. When the Rebuilding Ireland Home Loan was initially being developed, it was estimated that the drawdown of loans under the scheme would be approximately €200 million over three years. The scheme has proven to be far more...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (26 Mar 2019)

Eoghan Murphy: I propose to take Questions Nos. 1357, 1393, 1411 and 1414 together. The Rebuilding Ireland Home Loan scheme was launched in February 2018 to replace the existing local authority mortgage schemes, which were funded through loans that local authorities obtained from the Housing Finance Agency (HFA) for that purpose. When the Rebuilding Ireland Home Loan was initially being developed,...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (26 Mar 2019)

Eoghan Murphy: My Department requested the Housing Finance Agency (HFA) to provide figures for the amount of funding and loans issued by them under the Rebuilding Ireland home loan scheme by local authority to date in tabular form. The drawdown amounts by Local Authorities from the HFA to date are provided in the following table. Local Authority Advanced Amount - € Carlow County Council 144,000...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (26 Mar 2019)

Eoghan Murphy: My Department publishes information on the overall number and value of (i) local authority loan approvals and (ii) local authority loan drawdowns. Information up to the end of Quarter 3 2018, including in relation to number and value of mortgage drawdowns, is available on the Department's website at the following link: www.housing.gov.ie/housing/statistics/house-prices-loans-and...