Affordable Housing

Who qualifies for Affordable Housing?

Each local authority has specific criteria, however the general requirements are as follows:

• You must be a first time buyer i.e. you do not or have not owned a property already
• You must have been in full-time employment for at least 1 year
• If you are a Sole Applicant, you must have earned less than c.€50,000 during the previous tax year
• If you are Joint Applicants, you must have earned less than c.€75,000 together in total during the previous tax year
• Income of no less than €30,000 for a single applicant and no less than €45,000 for a joint application
• 100% finance available where the purchase price of the property is 80% or less than the current market value

For more information on qualifying for an affordable home, contact your local city council for further information.

Call us today for more information on how we can help you arrange your mortgage for Affordable Housing.