Dáil Éireann Debate, Tuesday - 17 June 2025
506. Deputy Barry Ward asked the Minister for Housing, Local Government and Heritage his views on the merits of providing low interest, Government-backed bridging loans for people seeking to move to home and are unable to do so due to the cost of finance; and if he will make a statement on the matter. [32178/25]
View answerThe role of my Department in mortgage origination is limited to the provision of the Local Authority Home Loan and the Local Authority Purchase and Renovation Loan, which are delivered by local authorities.
Local authority lending for home purchase is designed to enable creditworthy first time buyers and fresh start applicants who have been unable to secure finance from commercial lenders, the opportunity to purchase, self-build or renovate a home for their occupation.
My Department has no function in terms of providing bridging finance. Further queries on the operation of the commercial mortgage market should be directed to my colleague the Minister for Finance who has policy responsibility in this area.
