1936. Deputy Brian Brennan asked the Minister for Housing, Local Government and Heritage if he plans to increase the allowable positive-equity limit for a property in County Wexford under the current mortgage to rent eligibility criteria due to the large increase in housing prices that is preventing many from remaining in their homes. [63639/26]

The Mortgage to Rent (MTR) scheme is targeted at households in mortgage arrears who have had their mortgage position deemed unsustainable by their lender under the Mortgage Arrears Resolution Process. In order for a borrower to qualify for the MTR scheme, the mortgage, property and household must meet detailed eligibility criteria. One of the requirements of the scheme is that the positive equity amount must be below a certain limit, depending on what part of the country the property is located.

My Department keeps the eligibility criteria for the Mortgage to Rent scheme under ongoing review and, from 1 November 2024, increases in the allowable equity limit for the scheme were introduced, to reflect current market conditions in the residential housing sector. There are no plans to amend these limits at this time.

The allowable positive equity limits, updated in November 2024, are set out in the table below: