56 struggling Kilkenny households get support under 'Mortgage to Rent' scheme
There have been 56 'Mortgage to Rent' (MTR) applications approved in Kilkenny since the scheme’s commencement with a further 15 applications currently active, recently published data confirms.
Mortgage to Rent helps people who are at risk of losing their homes due to mortgage arrears.
The 2,030 cases completed nationwide to date (since the scheme commenced in 2012) are currently benefitting 5,910 people (3,249 adults and 2,661 children).
The scheme offers households in acute, unsustainable mortgage arrears situations, with little or no prospect of a significant change in circumstances, the chance to surrender a property to a lender and in turn become a social housing tenant whilst staying in their own home and community.
As part of the scheme, the home will be brought up to private rental standards.
In January 2022, the Government improved and expanded the MTR scheme so more people in long-term mortgage arrears could benefit from the scheme.
For further information on Mortgage to Rent and to see if you qualify visit 'mortgagetorent.ie'.