Take-up of mortgage-to-rent scheme continues to lag behind projections

Initiative aims to keep mortgage borrowers in their homes as renters, with ownership ceded to approved housing body

1st December, 2019
Take-up of mortgage-to-rent scheme continues to lag behind projections
Take-up of the mortgage-to-rent scheme continues to lag behind the government’s lofty initial projections

Take-up of the mortgage-to-rent scheme continues to lag behind the government’s lofty initial projections despite a recent pick-up in the number of successful applications, new data shows.

The scheme, which was first launched in 2012, is designed to keep mortgage borrowers in their home on a rental basis with the ownership of the property ceded to an approved housing body (AHB).

It was amended in 2017 to allow private investment funds to buy non-performing...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

EML Payments sets aside €7m for Central Bank investigation into Prepaid Financial Services

Financial sector executives could be suspended for 30 months while being investigated

Analysis: Draft legislation brings individual accountability for financial sector misconduct a step closer

Ian Guider: Moneylending doesn’t need a revamp, it needs to be replaced