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Local Authority Home Loan Scheme
From Department of Housing, Local Government and Heritage
Published on
Last updated on
From Department of Housing, Local Government and Heritage
Published on
Last updated on
A Local Authority Home Loan is a government-backed mortgage for first time buyers or Fresh Start applicants through local authorities.
Eligible first time buyers can apply for a Local Authority Home Loan to purchase a new or second-hand residential property and for self-builds. It also includes the purchase of homes through state schemes such as the Tenant Purchase Scheme and Affordable Housing Schemes, with the exception of the First Home Scheme.
A ‘Fresh Start’ principle applies to the Local Authority Home Loan Scheme which means that people who are divorced or separated and have no financial interest in the family home, or who have undergone insolvency proceedings, will be eligible to apply under this scheme. It is available nationwide from all local authorities.
The following new qualifying criteria apply from 1 March 2023.
Single applicants nationwide must have an annual gross income of up to €70,000.
Joint applicants nationwide must have an annual gross income of up to €80,000.
The maximum market value of the property to be purchased or self-built is:
This loan provides up to 90% of the market value or purchase price of a property you wish to purchase. The maximum loan amount is determined by where the property is located.
Further information and full details of the loan’s eligibility criteria are available on the Local Authority Home Loan website.
The Local Authority Home Loan Scheme is administered by local authorities.
If you think you are eligible and can afford the repayments on the amount you need to borrow, you can complete a Local Authority Home Loan application form and submit it to the relevant local authority.
The application form is available to download from the Local Authority Home Loan website.
This website also includes a calculator to estimate: