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What is Mortgage To Rent (MTR)
The MTR scheme is a government scheme. The scheme is overseen by the Department of Housing, Planning and Local Government and is administered by the Housing Agency.
The MTR scheme is a social housing option only available if the homeowner is eligible for social housing support and their mortgage is unsustainable.
The homeowner on successful completion of the scheme will no longer own their property, but they can continue living in the home as a social housing tenant and have a tenancy agreement with the Housing Association
Latest News
Minister for Housing welcomes the latest purchase of 52 homes by iCare Housing
Our newest tenant Michael Skelly. His home is one of 52 saved by iCare Housing
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RTE One: The Ray D'Arcy Interview
David Hall - Preventing Homelessness
RTE: Ray D'Arcy Interview | iCare Housing Scheme
Success Story: Anne & Simon
- Married with two children (4yrs & 14yrs)
- Anne unemployed, Mathew works part-time
- €2,030 net total income per month not including children’s allowance
- €260,000 mortgage | 275,000 home current value
Simon and Anne’s bank agreed to include them in the Mortgage to Rent scheme. This means their house was bought by an approved housing body and they stayed in their home as tenants.
Mortgage To Rent Qualification
- You have completed the Mortgage Arrears Resolution Process with your lender.
- You are unable to make the full repayments on your Mortgage Loan.
- Your property must be in negative equity; however, if your property is in positive equity, it may be considered on a case-by-case basis.
- You do not own or have shared ownership of any other property.