Dáil Éireann Debate, Wednesday - 9 October 2024
74. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue saved were the loan to value ratio under the help-to-buy scheme increased to 85%; and if he will make a statement on the matter. [40638/24]
Amharc ar fhreagra75. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue saved were the maximum amount of relief under the help-to-buy scheme reduced to €25,000, €20,000, €15,000, €10,000, and €5,000 respectively with a loan to value ratio increased to 85%; and if he will make a statement on the matter. [40639/24]
Amharc ar fhreagraI propose to take Questions Nos. 74 and 75 together.
I am advised by Revenue that the estimated reduction in the cost of the Help to Buy scheme that would be achieved by implementing the proposals outlined by the Deputy are outlined in the below table. These estimates are based on claims approved in 2023. The total cost of approved claims in 2023 was €185m.
|
Proposal |
Reduction in Cost €m |
|
Loan to value ratio of a minimum of 85% |
90 |
|
Loan to value ratio of a minimum of 85% and maximum relief of €25,000 |
105 |
|
Loan to value ratio of a minimum of 85% and maximum relief of €20,000 |
120 |
|
Loan to value ratio of a minimum of 85% and maximum relief of €15,000 |
135 |
|
Loan to value ratio of a minimum of 85% and maximum relief of €10,000 |
150 |
|
Loan to value ratio of a minimum of 85% and maximum relief of €5,000 |
170 |
