New council mortgage scheme to offer lower rates than most banks
FIRST-time buyers will be able to get a loan worth up to €288,000 with an interest rate of 2.25pc for 30 years under the Government’s latest plan to tackle affordability in the housing market. To qualify, an individual’s annual gross income cannot exceed €50,000, or in the case of a joint application €75,000. The new Affordable Mortgage Scheme offers lower rates than most banks – and significantly, the interest will be fixed for the duration of the loan. Read more here
