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Home > Our Services > Housing > Promoting home ownership > Mortgage allowance scheme

Mortgage allowance scheme

An allowance of up to €11,450 is payable over a 5 year period to tenants or tenant purchasers of council housing or tenants of houses provided under the voluntary housing Rental Subsidy Scheme to assist them to purchase or have a private house built with a mortgage.

Qualifying Criteria

The following criteria applies:

  • You must have a mortgage of at least €38,092.14.
  • If you have bought a house under the Shared ownership scheme, you are not eligible for the Mortgage Allowance Scheme.
  • The house must be suitable to your needs, meet certain minimum standards and be acceptable to the local authority.

Other Information

If you are a local authority tenant and you want to buy a private house and return your present house to the local authority you may be eligible for the Mortgage Allowance Scheme.

If you are a tenant for more than one year of a home provided by a housing association, under the Rental Subsidy Scheme, and you want to buy a private house and return your present house to the housing association you may be eligible for the Mortgage Allowance Scheme.

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