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Know Your Rights: Local Authority home loans

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Question: I want to buy a house, but can’t get a mortgage with the bank. What other options do I have for finance?

Answer: You may be able to get a local authority home loan to buy a home if you’ve been unable to get the funds you need from a bank.

The Local Authority Home Loan is a Government-backed mortgage with reduced interest rates. The interest rates are fixed for the full term of the loan, so you have the same repayments for the lifetime of the loan. You can use the loan for new or second-hand properties, or to build a home.

How do I qualify for the loan?

To get this loan, your income must be below a certain level and you must have been in continuous employment for a set amount of time. You must also meet some other criteria.

You must:

Be a first-time buyer or ‘fresh start’ applicant
Be aged between 18 and 70
Have proof that you haven’t been able to get the mortgage funding you need from two banks or building societies
Have a deposit
Have a satisfactory credit rating
Live in the property once you have bought or built it

What is the maximum market value of a property for this loan?

The home you are buying or building must be below a certain market value (price). The maximum market value of the property depends on where the property is located.

€320,000 in Cork, Dublin, Galway, Kildare, Louth, Meath and Wicklow
€250,000 in the rest of the country

You can borrow up to 90% of the market value of the property and you may be able to get the Help to Buy incentive to help with your deposit.

What are the interest rates?

The interest rates are fixed for the full term of the mortgage and are currently:

2.495% for up to 25 years
2.745% for up to 30 years

You apply to your local authority for the Local Authority Home Loan.

Read more about the Local Authority Home Loans on citizensinformation.ie or phone Kerry Citizens Information Service 0818 07 7860 (Monday to Friday, 10am to 4pm), the national phone service on 0818 07 4000 (Monday to Friday, 9am to 8pm), or log on to www.citizensinformation.ie.

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Soroptimist make €3k donation to Rockmount Care Centre

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Members of the Killarney Soroptimist Society visited the Rockmount Care Centre on Wednesday, to present a cheque for €3000 to Nurse Manager Mary Hussey.


The significant sum was raised during the society’s successful annual pancake morning held on Shrove Tuesday at the Killarney Avenue Hotel.
Rockmount Care Centre provides essential support as a dedicated day care facility for individuals living with Dementia and Alzheimer’s, serving many clients and families from the Killarney area.
These funds arrive at a vital time, as they are earmarked for the centre’s new sensory garden project, which is currently in the design phase.
Pictured at the presentation are Soroptimists members handing over the proceeds to Mary Hussey. The society extended their thanks to the Killarney Avenue Hotel and all those who supported the fundraiser to help make this donation possible.

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Public realm works begin on Main Street and Kenmare Place

Repair works for the Killarney Public Realm project officially commenced on Monday, April 20, following approval from the Department of Housing, Local Government and Heritage. This phase of the project, […]

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Repair works for the Killarney Public Realm project officially commenced on Monday, April 20, following approval from the Department of Housing, Local Government and Heritage.

This phase of the project, funded by the URDF, focuses on enhancing the streetscape and accessibility of both Main Street and Kenmare Place.
To allow the appointed contractors to carry out the investment safely, a section of the R-878 on Main Street, stretching from Kenmare Place to Plunkett Street, is now closed to traffic. This first period of construction is scheduled to run from April 20 until July 3.
Recognising the importance of the tourism season, the council has confirmed the street will fully reopen from July 4 to October 4 to accommodate peak summer traffic. Following this break, works will resume for a second period starting October 5 and running until December 4.
While vehicle diversions are in place, pedestrian access to all businesses and emergency service access will be maintained throughout the construction phases. Kerry County Council stated that these works are part of a wider programme to improve the safety and quality of the town centre and has thanked the public and local business owners for their cooperation during these essential improvements.

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