Local Authority Purchase and Renovation Loan Overview

This is a Government backed mortgage and loan provided to first time buyers and Fresh Start applicants through local authorities for the purchase and renovation of derelict and non-habitable homes that qualify for the Vacant Property Refurbishment Grant whether derelicat, non-habitable or simply vacant. 

A "Fresh Start" principle also applies to the Local Authority Purchase and Renovaiton  Loans. This means that applicants who are divorced, legally separated/separated or the relationship has ended and have no financial interest in the family home are eligible to apply under this scheme.

People who have undergone personal insolvency/bankruptcy proceedings will also be eligible to apply for the Local Authority Home Loans Scheme.

The credit policy complies with appropriate legislation including:

Housing (Miscellaneous Provisions) 1992;

Housing (Miscellaneous Provisions) Act 2009, Section 5;

Housing (Miscellaneous Provisions) Act 2014;

Affordable Housing Act 2021;

Housing Loans Regulations 2021 (SI No. 701 of 2021) as amended.

S.I. No. 353/2024 - Housing Purchase and Renovation Loans Regulations 2024

In order to apply for the Local Authority Purchase and Renovation Loan the application form must be completed in full and all relevant documents as detailed in the “Checklist for Applicants” must be provided. If you already have a Local Authority Home Loan approval in principle, this should also be provided.