Mortgage to Rent Scheme 'riddled with bureaucracy'

Mortgage to Rent Scheme 'riddled with bureaucracy'
File photo.

The Mortgage to Rent Scheme is being described as being riddled with red tape.

Fewer than 400 struggling homeowners have successfully joined the programme in the last seven years.

Fianna Fáil's Finance Spokesperson, Deputy Michael McGrath, says the scheme needs to be reformed.

"It allows people to remain on in their home but people, in that case, would lose the ownership and would instead become tenants," he said.

"It is riddled with bureaucracy. It's taking forever to get individual cases over the line.

I think the Government just isn't really committed to it and that's why it's not working.

Digital Desk

More on this topic

More community development needed to solve problem of vacant homes, group claimsMore community development needed to solve problem of vacant homes, group claims

Housing Minister defends new 'affordable' housing developmentsHousing Minister defends new 'affordable' housing developments

1,000 new social homes delivered in first six months of 20191,000 new social homes delivered in first six months of 2019

Housing Minister to investigate scale of 'sex for rent' incidents taking placeHousing Minister to investigate scale of 'sex for rent' incidents taking place


More in this Section

Missing woman forest search finds ‘nothing of significance’Missing woman forest search finds ‘nothing of significance’

Lunney family endured ‘week from hell’ after Quinn executive abducted and attackedLunney family endured ‘week from hell’ after Quinn executive abducted and attacked

Gardaí seek help locating two girls, 12 and 13, missing from DublinGardaí seek help locating two girls, 12 and 13, missing from Dublin

Woman airlifted to hospital after slipping at Howth HeadWoman airlifted to hospital after slipping at Howth Head


Lifestyle

My seven-year-old stood tall, whispered “bravery” to herself and stepped into the pitch-black dungeon. I stood there and watched her disappear.Learner Dad: I hate nostalgia, I think it’s mawkish and sentimental

Dr Phil Kieran says head lice is incredibly common among school children and offers practical advice on how to remove the crawlers with easy treatments.Tackling head lice: Easy treatments to remove itchy creepers

Gráinne Healy only started running regularly a few years ago. She’s already completed 50 parkruns. She tells Rowena Walsh what motivates her.Ageing with Attitude: Parkruns and quiet Friday nights

Against popular wisdom and flying a plane made from bamboo, wire and bike handlebars, a Co Antrim woman blazed a sky trail for aviation and for the independence of women, writes Bette BrowneMagnificent Lilian Bland blazed a trail for independence of women in her plane of bamboo

More From The Irish Examiner