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Expression of Interest - New Mortgage to Rent Scheme Long Term Lease Arrangements

Expression of Interest - New Mortgage to Rent Scheme Long Term Lease Arrangements
26 Oct 2017

Expression of Interest

New Mortgage to Rent Scheme

Long Term Lease Arrangements

The Housing Agency is seeking expressions of interest from suitably qualified participants interested in entering into long term lease arrangements with local authorities for the provision of accommodation to eligible households under the Mortgage to Rent Scheme.

 

The proposed new Mortgage to Rent Pilot Scheme comprises:

  • an eligible borrower(s) with an unsustainable mortgage voluntarily surrendering their property to their lender,
  • their lender selling the property to the participant,
  • the participant then leasing that property to the local authority on a long-term basis thus enabling the borrower(s) to remain in the property as a social housing tenant(s),
  • the local authority becoming the landlord to the tenant(s), and
  • the participant providing the ancillary management and maintenance services for the property.

 

The closing date for receipt of EOI submissions is 5pm on the 21st December 2017.

 

Documents to download:

Request for Expression of Interest Pilot Mortgage to Rent Scheme

Annex 3 to Annex 6 of EOI Pilot Mortgage to Rent Scheme