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 for a derelict property 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.

Read More

The Minister for Housing, Local Government and Heritage has announced upcoming changes to the maximum eligible property prices and the income thresholds for applicants for this scheme. You can access this information here.

1. What is a Local Authority Purchase and Renovation Loan?
2. Am I eligible?
3. What are my interest rate options?
4. How much can I borrow?
5. How do I apply?