Local Authority Home Loan (Find out More)
New affordable housing measures are to be introduced for first time buyers who have been refused finance. The Rebuilding Ireland Home Loan will be commenced by local authorities on Thursday, 1st February.
The Rebuilding Ireland Home Loan is a new Government-backed mortgage for first-time buyers and, as of the start of next month, those interested will be able to apply directly to Cork County Council.
To qualify, your annual gross income cannot exceed €50,000 as a single applicant, or €75,000 for joint applicants. There’s also a cap on the value of the home you can buy. In Cork, the maximum market value is €320,000.