Mortgage to Rent

The mortgage to rent scheme is a government initiative to help homeowners who are at risk of losing their homes and who have been involved in the Mortgage Arrears Resolution Process (MARP) with their lenders. 

How does it work?

Under the scheme you voluntarily surrender ownership of your home and become a tenant of a housing association instead. The scheme works by you surrendering possession of your home to your mortgage lender who immediately sells it to a housing association who will then rent it to you.

How to Qualify for the Scheme

  • You must have been involved in the Mortgage Arrears Process with your lender, who must be satisfied that you can no longer afford to pay your mortgage loan now or in the future.
  • Have been approached by your lender and received an offer to participate in the scheme.
  • Have received independent legal and debt advice.
  • Qualify for social housing support from your local authority.
  • Agree to surrender ownership of your home in exchange for a tenancy agreement with your housing association.
  • Own the property you live in, with a current market value of less than €180,000.
  • You must not own any other property.
  • Have a net household income of less than €35,000.

You will find a helpful guide to the mortgage to rent scheme in the supporting documents below.

To visit the Mortgage to Rent website click here.

Download the latest documents

This service is provided by

Housing Support Services

Phone +353 61 556000
Limerick City and County Council, Merchant's Quay, Limerick, V94 EH90