Housing Loans

Extension of Home Loan/Mortgage Payment Break for Waterford City & County Council Borrowers

Update: 19th October 2020

Home Loan Borrowers can apply for a Mortgage Payment Break, whether for the first time, or for those already approved for a break a further extension can be applied for.

The Terms and Conditions are outlined on the Covid 19 2020 Frequently Asked Questions document.  Please note that continued payment of you Mortgage Protections Insurance to Waterford Council is required during any break. During any break approved borrowers will be contacted directly by the Council to discuss future payments. 

Application forms should be completed and returned to Frank Hennessy (fhennessy@waterfordcouncil.ie) or Liz O'Mahony (lomahony@waterfordcouncil.ie) by email or post to Liz O'Mahony, Finance Department, Waterford City & County Council, City Hall, The Mall, Waterford.

  • Application form for 3rd Mortgage Payment Break
  • Frequently Asked Questions for Mortgage Payment Break
  • Notification of Approval for 3rd Mortgage Payment Break

  • COVID-19 Mortgage Payment Break for Local Authority Borrowers

    Update: 16th July 2020

    Local authority home loan borrowers may now apply for a further Mortgage Payment Break of up to three months on their home loan if they have experienced a reduction (or anticipate suffering a reduction) in their income, arising from the Covid-19 emergency, and they are unable to make repayments on their home loan.

  • Initial Application Form
  • Further Application Form
  • FAQs
  • Press Release (July 2020)

  • April 2020

    Local authority home loan borrowers may now apply for a Mortgage Payment Break of up to three months on their home loan if they have experienced a reduction (or anticipate suffering a reduction) in their income, arising from the Covid-19 emergency, and they are unable to make repayments on their home loan.


    A Rebuilding Ireland Home Loan is a new Government backed mortgage for first time buyers. It is available nationwide from all local authorities from 1st February 2018.

    As a first time buyer you can apply for a Rebuilding Ireland Home Loan to purchase a new or second-hand property, or to build your own home. The loan is a normal Capital and Interest-bearing mortgage which is repaid by direct debit on a monthly basis.

    The following interest rates will apply to any loans issued on foot of loan applications received by local authorities after 15th January 2020.

    • for loans with terms of up to 25 years a fixed interest rate of 2.745% shall apply
    • for loans with terms of up to 30 years a fixed interest rate of 2.995% shall apply

    You can borrow up to 90% of the market value of the property. To be eligible for a Rebuilding Ireland Home Loan you must:

    • be a first-time buyer
    • be aged between 18 and 70 years
    • be in continuous employment for a minimum of two years, as the primary earner or be in continuous employment for a minimum of one year, as a secondary earner
    • have an annual gross income of not more than €50,000 as a single applicant or not more than €75,000 combined as joint applicants
    • submit two years certified accounts if self-employed
    • provide evidence of insufficient offers of finance from two banks or building societies
    • not be a current or previous owner of residential property in or outside the Republic of Ireland
    • occupy the property as your normal place of residence
    • purchase or self-build a property situated in the Republic of Ireland of no more than of 175 square metres (gross internal floor area)
    • purchase or self-build a property which does not exceed the maximum market value applicable for the county in which it is located
    • consent to an Irish Credit Bureau check

    Eligibility is subject to submission of a complete Rebuilding Ireland Home Loan application form and confirmation by your local authority. For More Information and a Loan Pack, see www.rebuildingirelandhomeloan.ie Alternatively contact the Housing Loans Dept., Waterford City & County Council 0761 10 2020.


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