Housing Loans

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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