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Guide to Home Loans

A Local Authority Home Loan is a Government backed mortgage for first time buyers or other eligible applicants through local authorities. The scheme is for the purchase of new or second-hand residential properties 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.

The "Fresh Start" principle means that people who are divorced or separated and have no interest in the family home, or who have undergone personal insolvency or bankruptcy arrangement or proceedings or other legal process, will be eligible to apply.

The Local Authority Home Loan is available nationwide from all local authorities from 4th January 2022.

The loan is a normal Capital and Interest-bearing mortgage which is repaid by direct debit on a monthly basis.

You can borrow up to 90% of the market value of the property.

Maximum market value of the property that can be purchased or self-built in Tipperary is €250,000

  1. To be eligible for a Local Authority Home Loan you must:

  2. A Local Authority Home Loan offers two fixed interest rate products:

    • 2.845% fixed for up to 25 years (APR 2.88%)*
    • 2.945% fixed for up to 30 years (APR 2.99%)*
  3. 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 here.

    You must complete all sections of the application form and provide the supporting documents described in the applicant checklist.