Local Authority Purchase and Renovation Loan
...making home ownership and renovation more affordable for first time buyers.
The Local Authority Purchase and Renovation Loan is a Government backed mortgage and loan for the purchase and renovation of derelict and non-habitable homes. The property must be eligible for the Vacant Property Refurbishment Grant, whether derelict, non-habitable or simply vacant.
The Vacant Property Refurbishment Grant is a payment you can get if you are turning a vacant house or building into your permanent home. A grant of up to €50,000 is available.
If the refurbishment costs exceed the standard grant of up to €50,000, a top-up grant amount of up to €20,000 is available
If you wish to purchase and/or renovate a Vacant Property Refurbishment Grant eligible home but cannot get sufficient funding from commercial lenders you can apply to your local authority for a Local Authority Purchase and Renovation Loan.