Mortgage To Rent
What is Mortgage
It is a solution to allow you remain in your home if you are in arrears and your mortgage provider has deemed the mortgage unsustainable.
The PIP will provide you with the letter of advices and if Mortgage to Rent is an appropriate solution for you the PIP will explain how it works and will take you through the process
The Mortgage to Rent (MTR) scheme lets homeowners in mortgage difficulty switch from owning their home to renting their home as a social housing tenant, therefore remaining in their family home.
It is a government scheme to help homeowners who are at risk of losing their homes due to mortgage arrears.
The scheme is overseen by the Department of Housing, Planning and Local Government and is administered by the Housing Agency.
The MTR scheme is only available if you are in arrears on your home mortgage, you are eligible for social housing support, and your mortgage is dedicated deemed unsustainable by your lender.
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