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IRELAND’S LARGEST APPROVED housing body has completed the country’s first sale of a mortgage-to-rent (MTR) property back to the original owner.
The MTR scheme allows approved housing bodies like Clúid Housing to buy distressed loans so that owners who are in arrears can stay in their homes.
The original owner then pays rent to the housing body with a secure tenancy. Within five years, they have the option of buying back the home.
Clúid has today announced that a family home in Dublin is the first under the scheme to be repurchased by its original owner.
“This is a very satisfying outcome for everyone involved,” said Clúid Housing’s New Business Director Fiona Cormican.
Clúid’s stated vision is an Ireland where everyone has a great place to live. For some people, that means they home they are currently living in.
“For Clúid to be in a position to help this family not just stay in their home, but to regain ownership as well, is a huge success. It is a testament to the work of our staff who handled this case from start to finish.”
To date, Clúid has taken on 220 mortgage-to-rent cases across the country.
Totally peeded of with putting it forward and back. Why can’t we just leave it forward so we still have brighter evenings where I can get things done in daylight after finishing work. Can’t do nothing in the darkness!!
@Brian Kelly: be dark at nearly 10 in the morning if they are left.
@Brian Kelly: what time do you finish work that it would still be bright?
@Brian Kelly: because the sunrise would be close to 10 am in mid winter with no advantage a night time.
Just means the kids will have us up at 5am instead of 6am
@⚡ Seánie ⚡: those were the days, now we have to wake them up
@Tom kenny: its a lot better!
@Derek Moran: jaysus, it’s mighty
I’ve 4 waines under 6yrs that will remind me
We will be going back an hour a day when Sinn Feinn in power .
Yawn !
And the last 100 years of FG/FF ?
@Karl: yep you will be tired of going back to been the poor of Europe with these gombeens
Yep because it’s all been rosey under the administrations in power… SF might not be the cure and I don’t think protest votes help anyone but the threat of them should get FF/FG to get their $h!t together.
I see the former housing minister is creaming €450 a day as an election observer wonder how he got that job?
@Dave Byrne: do you know how hard these guys work? Wait a minute, politicians, not those guys.
@Dave Byrne: as bad as FF and FG are Sinn Feinn are the bottom of the barrel everyone knows that .
Obviously not David, because they topped the red sea poll this week, just maybe (just maybe) you are slightly prejudice and need to vent a little
You will lose an hour of your life listening to people reminding you to put them back..
Excellent . Totally forgot. As I tuck into he for work in the morning . What a lil surprise.
@slfc21: bed*
I’m alright Jack. Have me fux capacitor fired up and ready to go.
This is 2021 – a smartphone never forgets! :-)
If you work nights do you gain or lose an hours pay??
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