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Kerry councillor says it shouldn't be so difficult to get a mortgage when paying double in rent

Feb 9, 2022 13:21 By radiokerrynews
Kerry councillor says it shouldn't be so difficult to get a mortgage when paying double in rent
Cllr Jackie Healy-Rae (Non-Party) Castleisland area Kerry County Council Photo By Domnick Walsh © Eye Focus LTD
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A Kerry councillor says it doesn't make sense that people can't get mortgages, when they're paying double the cost of a mortgage in rent.

Councillor Jackie Healy-Rae is a member of the Kerry County Council Housing Strategic Policy Committee.

He was speaking following the publication of a Daft report today, which shows that rents in Kerry are much higher than mortgages for similar sized properties.

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For one-bed apartments and two-bed houses, rents are more than double the cost of a mortgage.

Councillor Jackie Healy-Rae says he understands strict lending rules are needed, but says if someone can clearly pay high rent, they shouldn't find it so difficult to get on the property ladder.

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The latest Daft Rental Report also shows very low availability of properties.

Councillor Jackie Healy-Rae says new houses need to be built, and the government should incentivise people to rent out properties long-term.

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He feels, however, the main way to meet housing demands is to tackle vacant properties, by getting councils to purchase such buildings in towns and villages to create housing.

 

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