Mortgage to Rent Scheme

To qualify for the Mortgage to Rent scheme:

Mortgage

1. Are you unable to make the repayments on your Mortgage Loan and is this situation unlikely to change in the future?
2. Are you engaging with your lender to try to find a solution to the situation?
3. Have you completed the Mortgage Arrears Resolution Process (MARP) with your lender? MARP is a system that requires lenders to adhere to a process for borrowers who fall into arrears with their mortgage.

Property

1. Is your property in negative equity or within the limits of positive equity allowed under the scheme? 
   Your property can have marginal equity but must be within the limits for its location as outlined below:

   Cork City, Dublin City, Dún Laoghaire Rathdown, Fingal, Galway City, Meath, South Dublin, Kildare, Wicklow	€50,000
   Carlow, Clare, Cork County, Galway County, Kerry, Kilkenny, Laois, Limerick City and County, Louth, Westmeath, Wexford, Waterford City and County.	€45,000
   Cavan, Donegal, Leitrim, Longford, Mayo, Monaghan, Offaly, Roscommon, Sligo, Tipperary.	€40,000

    

2. Is your family home the only property you own?
3. Are you living in a property that suits your needs i.e. not be over or under-accommodated, in accordance with Local Authority guidelines plus two bedrooms? Where your household is over accommodated (i.e. where you have more than 2 spare bedrooms).

4. Is the value of your property no more than €515,000 for a house (up from previous limit of €450,000) and €385,000 for an apartment or townhouse (up from previous limit of €335,000) in the areas of Dublin, Kildare, Meath, Wicklow, Louth, Cork and Galway and €395,000 for a house (up from previous limit of €345,000) and €265,000 for an apartment or townhouse (up from previous limit of €230,000) in the rest of the country?

 Household

1. Are you eligible for Social Housing Support in the local authority in whose area the house is located?
2. Is your income below €30,000*, €35,000* or €40,000* a year, depending on what part of the country you live in? (net household income is the household income after taxes and social insurance (PRSI) have been taken off). (*Additional allowances for children, you can find more information on the website of the Department of Housing, Planning and Local Government)
3. Do you have a long-term right to remain in the Republic of Ireland?

How does it work?

• If you are eligible for the MtR scheme:

• You voluntarily surrender ownership of your home to your mortgage lender who immediately sells it to a provider of the MtR scheme (an Approved Housing Body or a Private Company).

• You will no longer own your property, but you can continue living in your home as a social housing tenant. Your tenancy agreement will be with either an  Approved Housing Body or your Local Authority, depending on whether your home is purchased by an Approved Housing Body or a Private Company.

Benefits of the scheme:

• Peace of mind for you and your family to remain living in your home, without disruption to your family life, in line with the terms of your tenancy agreement. 
• You pay a rent which is affordable as it is based on your income.
• The proceeds from the sale of your home go towards your mortgage debt, and your lender will discuss any remaining debt with you.
• Option to buy back your home after a period of 5 years if your situation improves.
• The owner of the property will look after property maintenance issues as set out in your tenancy agreement.

How to apply?

• You should contact your lender to find out if you qualify for the MTR Scheme after your Standard Financial Statement has been assessed.
• 341 of these cases were not progressed because the household in question was deemed to be over or under accommodated
• Agreement on the sale could not be reached on a further 376 cases
• A total of 7,577 individuals are benefitting from the scheme: 4,258 adults and 3,319 children

Full details of the MTR scheme along with frequently asked questions, borrowers’ stories and the benefits of the scheme can be found at www.mortgagetorent.ie

For information on how your personal data will be used, The Housing Agency's privacy policy can be accessed here.

The Department of Housing, Local Government and Heritage's privacy statement can be accessed here: Irish Version English Version

Click Here for more statistics for Quarter 2 2025

Ineligible Cases Summary Report Q2 2025- Opens in new window

Lender Status Report Q2 2025- Opens in new window

Local Authority Status Report Q2 2025- Opens in new window

Purchasers Status Report Q2 2025- Opens in new window

Quarterly Reports by Local Authorities (complete) Q2 2025- Opens in new window

Quarterly Reports by Status Q2 2025- Opens in new window

Quarter by Quarter Report Q2 2025- Opens in new window

Terminated Cases Summary report Q2 2025

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