I can confirm that the deposit requirements underpinning the Rebuilding Ireland Home Loan are the same for all applicants. Specifically, where a loan applicant owns a site with full planning permission, the maximum loan amount that can be advanced is 90% of the build cost. This is also subject to the post construction market value of the completed house not exceeding the maximum allowable market values set at €320,000 in Dublin, Meath, Wicklow, Kildare, Louth, Cork and Galway and €250,000 in the rest of the country.
The applicant must provide bank or similar statements (post-office, credit union etc.) for a 12-month period immediately prior to making a loan application showing a credible and consistent track record of savings. The cash savings must be no less than 3% of the build cost. Gifts are permissible up to 7% of the build cost where their source is verified.
More information is available from www.rebuildingirelandhomeloan.ie or by phoning 051 349 720.