Sunday March 29, 2020

Mortgage-to-rent throws a lifeline to distressed homeowners

Home for Life is the country‘s only government-approved mortgage-to-rent provider. Its chief executive, Paul Cunningham, says the scheme allows people in mortgage arrears to remain as tenants in their homes which are bought and leased to the local authority

16th February, 2020
Paul Cunningham of Home for Life who plan to buy the equivalent of 1,500 homes this year. Picture: Fergal Phillips

It's all well and good increasing the supply of social and affordable housing year on year, but if demand keeps outstripping supply, that treadmill will keep running. That's according to Paul Cunningham, chief executive of Home for Life, the only private company that is a government-approved mortgage-to-rent provider.

Last year, Home for Life raised €75 million and plans to buy the equivalent of 1,500 homes this year to keep mortgage holders who are in arrears...

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