Mortgage-to-rent scheme had just one transaction

Only one transaction has been completed under the mortgage-to-rent scheme, eight months after it was recommended in a report.

26th May, 2012

Only one transaction has been completed under the mortgage-to-rent scheme, eight months after it was recommended in a report on how the government and banks could help distressed mortgage holders.

In the first case of its kind, a west Dublin family facing repossession last February handed the keys of their property to the banks and became tenants in their home. Almost four months later, it remains the only transaction to have been completed under the...

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