Cabinet Approves Increases To Home-Loan Scheme

The loan is currently available to people who are unable to get mortgage approval from a financial institution.

Income limits and house prices are set to increase for people who want to avail of a home-loan from their local authority.

Cabinet has approved changes to the scheme, which will see house price limits increase by between €300,000 and €360,000 depending on the area.

The house price limit in Westmeath will increase by €50,000 to €300,000.

The increase in Laois and Offaly is half of that, jumping by €25,000, bringing the limit in those counties up to €275,000

The loan is currently available to people who are unable to get mortgage approval from a financial institution.

Fine Gael housing spokesperson Senator John Cummins says it's a positive move for those with single incomes:

More from Midlands News

Download Our App