If you are unable to get a loan from a building society or bank, you may be eligible for a mortgage from your local authority.
The loan can be up to 97% of the price of the house subject to a maximum loan of €220,000 and subject to repayments which are no more than 35% of the household net income (i.e. income after tax and PRSI).
A local authority mortgage will be an annuity mortgage with variable interest rates so repayments will go up and down with general interest rates.
You may be eligible for a local authority mortgage if you can show the local authority that you cannot get a loan from a bank or building society and you are:
Single income household
Two income households
Contact your local authority.
If you have a question relating to this topic you can contact the Citizens Information Phone Service on 0761 07 4000 (Monday to Friday, 9am to 8pm) or you can visit your local Citizens Information Centre.