Few mortgage to rent applications are successful

Ireland

According to new figures from the Irish Department of Housing, Planning, Community and Local Government, thousands of mortgage to rent applications are in some form or other rejected. Of the 3,694 applicants in the last quarter, a mere 265 were accepted and reached completion. The vast majority (2,476) were terminated at some stage, 403 were deemed ineligible, while 550 are still currently active.

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This chart shows total mortgage to rent applications and number complete in Ireland from Q4 2015 to Q2 2017.

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Few mortgage to rent applications are successful

Ireland