Sunday 25 February 2018

Family 'uncertain of the future' after 28pc rent hike

Martin Malinovsky has been told by his landlord that his rent will increase from February
Martin Malinovsky has been told by his landlord that his rent will increase from February

Ryan Nugent

A resident of Tyrrelstown in Dublin has been ordered by his landlord to pay an extra €350 in rent per month from February 2017.

Martin Malinovsky (41) has been living at Cruise Park Avenue with his wife and three children for the past eight years - and said his current rent is €1,250.

However, he received a notice from property company Twinlite Services on October 28 informing him that his rent was to increase significantly from February 1, 2017.

The letter stated that a review of "rent under the tenancy of your dwelling has been carried out and a new rent has been set on the foot of that review".

Mr Malinovsky, who works full time as a driver with a food company, told the Irish Independent he now feels "uncertain" of the future.

"It's very hard for me to move anywhere else with the three kids, they go to school there," he said.

"We have a community here, we have friends here. I can't qualify for a social house."

The rent increase comes after some 22 households in the Tyrrelstown area fear they may still lose their homes to a vulture fund - despite successfully fighting against an eviction notice.

Residents say they have successfully challenged the 40 termination notices issued earlier this year - however increasing rent is making it difficult for them to hold onto their homes.

Families in 40 households in the estate faced homelessness last February after receiving letters ordering them to leave their rented accommodation after Goldman Sachs purchased an €89 million loan from Ulster Bank that Twinlite had secured on the development.

The letters were sent from Twinlite which is owned by developers Michael and Richard Larkin.

Since then, 18 of these homes have been bought by housing charity, Túath.

TD Ruth Coppinger has called for further action to be taken by the Government to allow those not on social housing schemes to be able to buy their homes via an affordable mortgage scheme.

"It needs to be broadened - (Túath) will only apply to social housing tenants and many people don't qualify for social housing," she said.

Local Councillor Matt Waine said: "The majority of tenants are paying more rent than a mortgage would cost them, but they can't raise the massive deposit they would need go buy the house because the rent is so high."

Irish Independent

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