Dáil Éireann Debate, Tuesday - 14 June 2022
522. Deputy Robert Troy asked the Minister for Housing, Local Government and Heritage if a person who inherits a portion of a house can still qualify for the Rebuilding Ireland home loan and as well as other housing assistance schemes. [30101/22]
Amharc ar fhreagraThe Local Authority Home Loan is a Government backed mortgage for those on modest or low incomes who cannot get sufficient funding from commercial banks to purchase or build a home. It has been available nationwide from local authorities since 4 January 2022 for first-time buyers and fresh start applicants. The loan can be used both for new and second-hand properties, or to self-build. It is the successor to the Rebuilding Ireland Home Loan.
Property ownership through inheritance is disregarded for this scheme i.e. if you own a house (or portion of a house) that you did not purchase then you are still eligible to apply for the Local Authority Home Loan Scheme.
The Help To Buy scheme, which is another housing assistance scheme, is the policy responsibility of the Minister of Finance and his Department can advise on the operation of the scheme in this regard.
