COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

South Dublin County Council Crest

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, December 09, 2019

QUESTION NO. 25

QUESTION: Councillor Liam Sinclair

RE: Rebuilding Ireland Home Loan

To ask the Chief Executive to provide a goal timeline and an average timeline for the review process that takes place from when a recommendation is received from the underwriter to when the applicant is informed of this result. 

REPLY:

The average waiting time from the date of the recommendation being returned from the underwriters to the applicant being informed regarding their Rebuilding Ireland Home Loan application with this Council is eight weeks.

The time frame for processing and approving such applications is contingent on a number of factors including the applicant(s) submitting supporting documentation/clarifying information contained on applications, scheduling of credit committee meetings, the number of approvals granted but not yet drawn-down and the availability of funding from the Department of Housing, Planning & Local Government for the scheme.