Service
Local Authority Mortgage to Rent scheme
From Department of Housing, Local Government and Heritage
Published on
Last updated on
From Department of Housing, Local Government and Heritage
Published on
Last updated on
The Local Authority Mortgage to Rent scheme is a government initiative to help homeowners who:
The scheme is one of the possible resolutions for people who have been involved in the Mortgage Arrears Resolution Process (MARP) with a local authority and whose mortgage has been determined as unsustainable. The most important step any household in mortgage arrears can take is to engage early with the Arrears Support Unit of their local authority.
The scheme enables householders to stay in their home. Ownership of the home transfers to the local authority. The householder becomes a social housing tenant and pays a differential rent to the local authority.
To take part in the scheme you must be able to answer yes to the following questions:
1. Are you unable to make the repayments on your Mortgage Loan and is this situation unlikely to change in the future?
2. Are you engaging with your lender to try to find a solution to the situation?
3. Have you completed the Mortgage Arrears Resolution Process (MARP) with your lender?
1. Is your family home the only property you own?
2. Does your property adequately house your household? You are allowed a maximum of two spare bedrooms but flexibility on this can be applied for:
Your local authority can provide you with further guidance and information.
3. Is the value of your property no more than:
1. Are you eligible for Social Housing Support in the local authority in whose area the house is located?
2. Is your net household income below €25,000*, €30,000* or €35,000* a year, depending on what part of the country you live in? Information on these limits is available on gov.ie.
*Additional allowances for children.
(Note - net household income is the household income received through employment, self-employment, social welfare income or other income sources after taxes and social insurance (PRSI) have been taken off. Certain payments from the Department of Social Protection are not included for the purposes of a social housing support assessment. Your local authority can provide you with more information on this.)
3. Do you have a long-term right to remain in the Republic of Ireland?
To apply for the scheme, please contact the mortgage arrears support unit in your local authority.