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Irish Mirror
Irish Mirror
National
Sophie Collins

Good news for future homeowners as eligibility criteria for State-backed mortgage scheme expands

Local Authority Housing Darragh OBrien

Thousands more prospective homebuyers will be able to apply for financial assistance this year as plans for an increase to thresholds for the state-backed mortgage scheme have been announced.

Minister for Housing Darragh O'Brien will brief the Cabinet this morning on new plans for both housing price limits and income ceilings.

The Local Authority Home Loan can be used for new, second-hand or self-build homes and was launched in January 2022 as part of the Government's Housing for All strategy.

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