House Purchase Loan
First Time Buyers of new and second hand homes (and self-build) may apply for a Local Authority House Purchase Loan, up to a maximum of €220,000 over a maximum term of 30 years, subject to lending terms and conditions and who meet the following eligibilty criteria:
| 1 | First Time Buyers (exceptions may apply e.g. for legally separated or divorced applicants) |
| 2 | Single applicant's income must be less than €50,000 |
| 3 | Joint applicants combined income must be less than €75,000 |
| 4 | Primary earner must be in continuous employment for at least two years, second applicant must have at least one year's continuous employment. |
| 5 | Aged between 18 and 70 years (i.e. loan term must cease by the time the borrower reaches 70 years of age). |
| 6 | Applicants must prove that they have sought a mortgage from two lenders (banks or building societies) and have received inadequate funding offers or refusals from each before making an application for a House Purchase Loan to Offaly County Council. |
The maximum loan amount that may be advanced is €220,000 over a maximum term of 30 years, the maximum loan to value (LTV) is 97%, subject to lending terms and conditions and the purchaser's ability to repay.
How to apply:
Complete the application form and return it to:
Housing Department
Offaly County Council
Aras an Chontae
Charleville Road
Tullamore
Co. Offaly
You can obtain a copy of the House Purchase Application Form and Explanatory Notes by clicking on the link to View all forms or you can contact us at tel: 057 9357409 to request a copy.