Local Authority Home Loan

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Frequently Asked Questions

My Eligibility

Am I eligible if I am not a first-time buyer?

No. You must be a first-time buyer to apply for a Local Authority Home Loan unless you are availing of the Fresh Start Principle.

You are eligible to apply for a Local Authority Home Loan under the Fresh Start Principle if you:

or

The Fresh Start Principle does not allow a Local Authority Home Loan to be used to buy out a former partner’s share of a family home.

Am I eligible if I have inherited a property?

Yes. You are eligible to apply for the Local Authority Home Loan Scheme even if you inherited a property, i.e., if you own a house that you did not purchase.

Am I eligible to apply if I am from a country outside the Republic of Ireland?

Yes, you are eligible to apply if you are habitually resident in the Republic of Ireland and are from:

What does it mean for me to be habitually resident in the Republic of Ireland?

To be habitually resident in the Republic of Ireland, you must be able to show:

I am married/in a civil partnership/in a committed relationship – can we apply as two single applicants?

If you are married, in a civil partnership or in an intimate and committed relationship with a partner with whom you intend to reside within the property that you wish to purchase, you must apply for a Local Authority Home Loan together with your spouse, civil partner or partner, either as a joint income applicant or a one earner joint applicant.

What evidence of insufficient mortgage offers do I need?

You must have received insufficient mortgage offers from two regulated mortgage providers to be eligible to apply for the Local Authority Home Loan. Evidence must be dated within six months of your application, and the amount you have been offered must be equal to or less than the Local Authority Home Loan amount sought.

Examples of acceptable evidence are:

A regulated mortgage provider is a company that is regulated and permitted by the Central Bank of Ireland to provide monies to borrowers who wish to purchase a property, such as banks, building societies and credit unions.