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Is Rebuilding Ireland Home Loan scheme open for business?

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“Labour will turn the broken housing market on its head – putting low-cost new homes at the heart of our plan to rebuild Britain. Our help to buy equity loan scheme has helped more than 190,000.

Rebuilding Ireland Home Loan Introduced. The loan can be used both for new and second-hand properties, or to build your own home. In line with Central Bank rules, a person or couple can borrow up to 90% of the market value of the property. Under the loan, they can choose a fixed rate of 2%-2.25% interest for 25-30 years,

A Rebuilding Ireland Home Loan is a new government backed mortgage for first time buyers, now available nationwide from your local authority. It can be used to purchase a new or second-hand property or for self-build.

A Rebuilding Ireland Home Loan is a new Government backed mortgage for first time buyers. It is available nationwide from all local authorities from 1st February 2018. a first time buyer you can apply for a Rebuilding Ireland Home Loan to purchase a new or second-hand property, or to build your own home.

The Rebuilding Ireland Home Loan, which is likely to save homebuyers up to 10,000 over the lifetime of a mortgage, will be run by local authorities from February 1. It will be subject to the same lending rules as ordinary banks, which currently offer first-time buyers interest rates in excess of 3pc.

New council mortgage scheme to offer lower rates than most banks. Affordable Mortgage Scheme will begin on February 1; The loan can be used both for new and second-hand properties, or to build.

The Rebuilding Ireland Home Loan is only open to those on an annual gross income of 50,000 or less as a single applicant, or 75,000 for joint applicants. There’s also a cap on the value of the home you can buy or build. In the Greater Dublin Area, Cork and Galway, the maximum market value is 320,000.

To qualify for a rebuilding Ireland home loan you must: be a first-time 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

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