House Purchase Loan
Where an applicant under the 1995 Sales Scheme is approved to purchase their dwelling they must finance the purchase by way of a mortgage or from their own resources or a combination of both. Applications who wish to finance by way of a mortgage can do so through an outside bank or building society or a Council.
Mortgage Allowance Scheme
The Mortgage Allowance Scheme assists tenants and tenant purchasers of local authority dwellings who wish to return their dwelling to the authority and purchase or build a private dwelling for their own occupation. The amount of the allowance is €11,450 payable to the lending agency over 5 years. Applications should be made to the Local Authority for the area in which the private dwelling is being purchased or built.