Rebuilding Ireland home loans

SOME time ago the Government announced a revamped first-time buyers loan scheme. The scheme provides a fixed interest rate loan for the period of the mortgage. The scheme is designed to assist a person who earns less than €50,000 to borrow up to 90% of the value of the house subject to a maximum house value of €320,000 in greater Dublin. The scheme also allows for a couple who earn less than €75,000 to borrow up to 90% of the value of the house subject to a maximum house value of €320,000 in greater Dublin. It is understood that the local authority will provide the mortgage and the interest rate will be approximately 2.25%.