Mortgages (Houses of the Oireachtas)

Mortgages - Mortgage to rent scheme - applications

Sitting date: 19/10/2017
[Written Answers]...if a person (details supplied) applied for the mortgage to rent scheme; if they were refused; if so, the reason therefor; the advice which can be given to this person; and if he will make a statement on the matter. [Q. No(s) 262 to Minister for Housing, Planning and Local Governm...

Mortgages - Mortgage to rent scheme - applications

Sitting date: 19/10/2017
[Written Answers] The Mortgage to Rent (MTR) scheme introduced in 2012 is targeted at those households in mortgage arrears who are eligible for social housing support whose mortgage is unsustainable and who have very limited options, if any, to meet their long-term housing needs themselves. It woul...

Mortgages - Mortgage to rent scheme - issues relating to

Sitting date: 10/10/2017
[Written Answers]...his views on the requirement being made of families that are in mortgage and financial distress to pay their water charges before they are allowed to participate in the mortgage to rent programme in view of the ending of water charges and the process of repayment of these charges...

Mortgages - Mortgage to rent scheme - issues relating to

Sitting date: 10/10/2017
[Written Answers]...the number of persons that have been approved for the mortgage to rent scheme; the number of persons that have successfully achieved a completed mortgage to rent; and the number of persons that have been forced to pay for outstanding water charges before they can avail of a mortg...

Mortgages - Mortgage to rent scheme - issues relating to

Sitting date: 10/10/2017
[Written Answers] I propose to take Questions Nos. 728 and 734 together. Since the introduction of the Mortgage to Rent (MTR) Scheme in 2012, a total of 3,765 cases have been submitted under the scheme to the end of September 2017. Of the 3,765 cases submitted, 2,909 were ineligible or terminated d...

Mortgages - Mortgage to rent scheme - issues relating to

Sitting date: 10/10/2017
[Written Answers]...the changes that have been made in 2017 to the mortgage to rent scheme; his plans to further modify the scheme; and if he will make a statement on the matter. [Q. No(s) 745 to Minister for Housing, Planning and Local Government ]

Mortgages - Mortgage to rent scheme - issues relating to

Sitting date: 10/10/2017
[Written Answers] The Review of the Mortgage to Rent (MTR) Scheme, published on 8 February 2017, introduced a range of amendments to the eligibility criteria and administration of the MTR scheme in order for it to work better for borrowers. The Review, available at the following link:...

Mortgages - Schemes - issues relating to

Sitting date: 10/10/2017
[Written Answers]...his plans to reintroduce the key worker mortgage scheme as part of budget 2018; and if he will make a statement on the matter. [Q. No(s) 32 to Minister for Finance ]

Mortgages - Schemes - issues relating to

Sitting date: 10/10/2017
[Written Answers] It appears that the Deputy’s question may refer to a UK initiative, the "Key Worker Living Programme” for public sector workers, as a ‘key worker mortgage scheme’ has never existed in Ireland. The provision of housing-related supports is primarily a matter for my colleagues the M...

Mortgages - Data - issues relating to

Sitting date: 04/10/2017
[Written Answers]...the number of homes lost or that are being examined as possible losses as a result of overcharging on tracker mortgages, by lender, to date in 2017; and if he will make a statement on the matter. [Q. No(s) 88 to Minister for Finance ]

Mortgages - Data - issues relating to

Sitting date: 04/10/2017
[Written Answers] The Central Bank has advised that, while rate rectification is almost complete for the majority of impacted customers identified to date, the redress and compensation phase of the Tracker Mortgage Examination is ongoing. Lenders are continuing to determine the exact circumstances a...

Mortgages - Tracker mortgage examination - issues relating to

Sitting date: 28/09/2017
[Written Answers]...the compensation percentages offered by each of the lenders involved in the Central Bank's tracker mortgage investigation; if these rates differ for buy to lets; if so, the amount by which the rates differ; if payment for independent financial advice is conditional on the borrowe...

Mortgages - Tracker mortgage examination - issues relating to

Sitting date: 28/09/2017
[Written Answers] The Central Bank has advised that it is acutely aware of the unacceptable impact that lenders’ failures have had on impacted PDH and BTL tracker mortgage customers. Although a significant portion of the lenders’ failures occurred prior to the introduction of the Central Bank’s cus...

Mortgages - Interest rates - issues relating to

Sitting date: 26/09/2017
[Written Answers] The Central Bank is aware of various information about the operations of regulated firms as their supervisor. The Central Bank is subject to strict confidentiality requirements under section 33AK of the Central Bank Act 1942, which prevent the disclosure of firm-specific informati...

Mortgages - Interest rates - issues relating to

Sitting date: 26/09/2017
[Written Answers]...the interest rate banks (details supplied) apply to the warehouse portion of a split mortgage; and if he will make a statement on the matter. [Q. No(s) 75 to Minister for Finance ]

Mortgages - Interest rates - issues relating to

Sitting date: 20/09/2017
[Written Answers]...if banks (details supplied) allow their existing mortgage customers on a variable interest rate linked to their to value ratio or on a loan to value interest rate to move down to a lower loan to value band on the basis of an up to date valuation of their home and therefore benefi...

Mortgages - Interest rates - issues relating to

Sitting date: 20/09/2017
[Written Answers] As the Deputy will be aware, the Central Bank of Ireland introduced an Addendum to the Consumer Protection Code 2012 in February of this year. These new regulatory provisions are designed to better inform and protect rate mortgage holders in relation to changes in variable mortgag...

Mortgages - Mortgage lending - issues relating to

Sitting date: 20/09/2017
[Written Answers]...the affordability criteria that is considered by banks for a person buying their second home; and if he will make a statement on the matter. [Q. No(s) 167 to Minister for Finance ]

Mortgages - Mortgage lending - issues relating to

Sitting date: 20/09/2017
[Written Answers] There are certain legislative and regulatory provisions governing the provision of residential mortgage credit to consumer borrowers. One of the key measures is the Central Bank of Ireland macro-prudential measures which apply proportionate loan-to-value and loan-to-income limits ...

Mortgages - Mortgage to rent scheme - administration

Sitting date: 20/09/2017
[Written Answers]...the proposed changes to the mortgage to rent scheme; and if he will make a statement on the matter. [Q. No(s) 801 to Minister for Housing, Planning and Local Government ]

Mortgages - Mortgage to rent scheme - administration

Sitting date: 20/09/2017
[Written Answers] The Review of the Mortgage to Rent (MTR) Scheme, published on 8 February 2017, introduced a range of amendments to the eligibility criteria and administration of the MTR scheme in order for it to work better for borrowers. My Department and the Housing Agency are working with all ...

Mortgages - Mortgage to rent scheme - administration

Sitting date: 20/09/2017
[Written Answers]...when an amended mortgage to rent scheme will become operational; and if he will make a statement on the matter. [Q. No(s) 809 to Minister for Housing, Planning and Local Government ]

Mortgages - Mortgage to rent scheme - administration

Mortgages - Mortgage to rent scheme - issues relating to

Sitting date: 20/09/2017
[Written Answers]...the reason for limiting the terms of the mortgage to rent scheme to only those persons that qualify for social housing; his plans to extend the scheme in order that persons with distressed mortgages may qualify; and if he will make a statement on the matter. [Q. No(s) 749 to Mini...

Mortgages - Mortgage to rent scheme - issues relating to

Sitting date: 20/09/2017
[Written Answers] The Mortgage to Rent scheme introduced in 2012 is targeted at those households in mortgage arrears who are eligible for social housing support whose mortgage is unsustainable and who have very limited options, if any, to meet their long-term housing needs themselves. One of the m...

Mortgages - Arrears - proposals to address

Sitting date: 11/09/2017
[Written Answers]...if he has asked the Central Bank to procure an independent assessment of the arrears and negative equity loan books of the banks in view of the recent programme for government commitment; and if he will make a statement on the matter. [Q. No(s) 170 to Minister for Finance ]

Mortgages - Arrears - proposals to address

Sitting date: 11/09/2017
[Written Answers] The Deputy will be aware that the Central Bank has an ongoing role in monitoring the level of arrears and negative equity on mortgages. The Programme for a Partnership Government contains a range of commitments in the broad housing and banking area and my Department regularly engag...

Mortgages - Books - sales

Sitting date: 11/09/2017
[Written Answers]...if his attention has been drawn to the fear and distress being caused by recent media reports of the proposed sale of a portfolio of €1.25 billion mortgage loans by a bank (details supplied); the measures he proposes to protect the homes of vulnerable families whose mortgage loan...

Mortgages - Books - sales

Sitting date: 11/09/2017
[Written Answers] The proposed sale referred to in media reports appears to relate the sale of buy-to-let mortgages rather than homeloans. Nevertheless I will address the Deputy's concern in relation to homeloans. The Deputy will be aware that there are substantial protections in place for cu...

Mortgages - Mortgage interest relief - data

Sitting date: 11/09/2017
[Written Answers]...further to parliamentary question number 112 of 26 August 2017, the number of years the person continues receiving TRS as a non first time buyer. [Q. No(s) 126 to Minister for Finance ]