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Government Boosts Midlands Homebuyer Support With Higher Loan Limits

Friday, 20 February 2026 15:55

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.

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