
A Rebuilding Ireland Home Loan is a new Government backed mortgage for first time buyers. It has been available nationwide from all local authorities from 1st February 2018. You can borrow up to 90% of the market value of the property. Maximum market values of the property that can be purchased or selfbuilt are show in the graphic to the left.
To be eligible for a Rebuilding Ireland Home Loan you must:
- be a firsttime buyer
- be aged between 18 and 70 years
- be in continuous employment for a minimum of two years, as a primary applicant or be in continuous employment for a minimum of one year, as a secondary applicant
- have an annual gross income of not more than €50,000 as a single applicant or not more than €75,000 combined as joint applicants submit two years certified accounts if selfemployed
- provide evidence of insufficient offers of finance from two banks or building societies
- not be a current or previous owner of residential property in or outside the Republic of Ireland
- occupy the property as your normal place of residence j purchase or selfbuild a property situated in the Republic of Ireland of no more than of 175 square metres (gross internal floor area)
- purchase or selfbuild a property which does not exceed the maximum market value applicable for the county in which it is located consent to an Irish Credit Bureau check