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Home : Finance : Loan Arrears - Mortgage to Rent Scheme

The Mortgage to Rent Scheme is a Government Initiative to help homeowners who are at risk of losing their homes due to mortgage arrears. The Scheme is an option for borrowers who have been engaging in the Mortgage Arrears Resolution Process (MARP) with the Arrears Support Unit of the Local Authority.

Under the Mortgage to Rent Scheme, you will transfer ownership of your home to your Local Authority. You will no longer own your home but you will continue to live in it as a tenant of the Local Authority. You will pay an income related rent set by the Local Authority.

Your participation in the Scheme will have significant implications for your tenure, so you should give it careful consideration.  Your Local Authority has a trained Arrears Support Unit to support you during the process.  You must take independent legal and debt advice if participating in the Scheme.

For further information, please refer to the Guide for Local Authority Borrowers or contact our Arrears Support Unit - Tel: (045) 980652.

Mortgage to Rent - A Guide for Local Authority Borrowers

File Size: 214KB - Document Type: MS Word

Mortgage to Rent - Borrower Flowchart

File Size: 39KB - Document Type: MS Word

Standard Financial Statement

File Size: 113KB - Document Type: Acrobat pdf