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12/03/2018

Tenant (Incremental) Purchase Scheme Described As 'Complete Failure'

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The Tenant (Incremental) Purchase scheme has been described as a "complete failure" by Fianna Fáil.

TD for Galway West, Éamon Ó Cuív, called on Housing Minister Eoghan Murphy to stop delaying the reform of the scheme and urged him to make it "less restrictive".

He said: "Like so many reviews carried out by this government, no firm decisions have been made to reform the scheme to make it available to a greater number of people.

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"I am once again calling on Minister Murphy to undertake the necessary reforms to allow tenants whose rent is up to date and whose repayments under the scheme would be no higher than their current rental payments to qualify to buy their home.

"This government appears to have an ideological hang up about creating schemes that are easily accessible. Many of the schemes introduced over the past seven years have had a very low take-up as a result of the stringent criteria and excessive bureaucracy. The Mortgage to Rent scheme is another example of this; it has had very few applications, mainly as a result of the over-restrictive rules which apply to it."

(CD/LM)

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