The loans provide assistance for buyers who can’t secure enough funding from banks.
More money is being made available for home buyers looking to get on the property ladder in the Midlands.
The government is increasing the amount of money available in its 'Local Authority Home Loan' and its 'Purchase and Renovation' loan products.
The loans are support for those unable to get sufficient backing from the banks.
The house price limit for applications is up €45,000 in Westmeath to €435,000, while its being increased by €35,000 to €310,000 in Laois and Offaly.
The Local Authority Home Loan offers two fixed interest rate products:
- 4.00% fixed for up to 25 years (APR 4.07%).
- 4.05% fixed for up to 30 years (APR 4.13%).
The Local Authority Purchase and Renovation loan offers the same interest rates as the Local Authority Home Loan and a two-year variable interest rate bridging loan at 3.50% (APR 3.56%).
The bridging loan is equal to the amount of the Vacant Property Refurbishment Grant and is repayable to the local authority once the grant is paid out or within two years, whichever is the earliest.
Authorities In Offaly Approve Dredging Along Part Of River Shannon
Laois Man Nears Finish Line Natiowide Charity Walk
€40m Worth Of Irish Peat Exported In 2025
Gardaí Host Firearms Licensing Information Stand In Offaly Today
Irish Rail Services Reduced After Westmeath Graffiti Incident
Met Éireann Issues Nationwide Wind Warning For Entire Country
Midlands Lotto Player Lands €250k
Westmeath Students Aim For Gold At National Entrepreneur Finals
14 Counties See No New Bus Shelter Installations In 2025
Construction Begins On GAA Club Grounds In Laois
Close To 900 Children In Midlands On Primary Care Psychology Waiting Lists
Health Minister And HSE Issue Formal Public Apology To Midlands Family
EU Approves New Plan To Boost Home Building And Curb Short-Term Lets
Safer Roads Conference To Look At Road Design, Engineering And Enforcement
Status Yellow Wind Warning Issued For Tomorrow
Midlands School Runner-Up At Certified Irish Angus Schools Competition
Midlands Town To Get New Fire Station
First Time Buyers In Offaly Town Could Wait Over 70 Years For Home
Survey Shows One In Three Women Downplay Female Health Issues At Work
Push For Government To Consider Other Climate Goal Options