Following a review of the two existing local authority home loan schemes, the House Purchase Loan and the Home Choice Loan, I have introduced from 1 February 2018, a new loan offering, known as the Rebuilding Ireland Home Loan. The new loan will enable credit worthy first time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range.
Full details of the loan's eligibility criteria and other information is available from the dedicated Rebuilding Ireland Home Loan website, http://rebuildingirelandhomeloan.ie/. Any person who meets the eligibility criteria may apply for a loan regardless of their current housing situation, including if they are currently occupying a house owned by a voluntary housing agency.