Local authority mortgages
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 €200,000.
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:
- A first time buyer and
- Your income satisfies the income test - see below
The income test
Single income household
- If your gross income (before tax) in the last income tax year was €50,000 or less, you are eligible.
Two income households
- If your combined gross income (before tax) in the last income tax year was €75,000 or less, you are eligible
How to apply
Contact your local authority.