Welcome to the Local Authority Home Loan (LAHL) Program
Please read the following information carefully before completing this application form
Eligibility Criteria
Basic Requirements
- The property which you purchase or self-build must be in your local authority's administrative area.
- Be first-time buyers or be a current owner of a residential property. (with exceptions for Fresh Start Principle or inherited property). An LPT and CCR check will be completed at application stage.
- Be aged between 18 and 70 years.
Income Limits
- As single applicant must have a combined income of under €70,000 (gross) in the previous tax year.
- As joint applicants i.e. two or more, must have a combined income(s) of under €85,000 (gross) in the previous tax year.
Employment Requirements
- Primary earner: continuous employment (this can be Self-employed) for at least two years.
- Secondary earner (if applicable): continuous employment for one year
- Exempt who quality under the Temporary Amendments In Light of Economic Impacts of COVID-19
Additional Requirements:
- Provide consent for their PPSN to be used for a CCR New Application Enquiry (NAE) and an LPT property check.
- Currently have a legal right to reside and work in the State. Furthermore, there are minimum periods of residence required for non-EU/EEA applicants.
- Be able to provide proof of insufficient mortgage offer from two regulated financial providers.
- Have a minimum deposit of 10% of the market value or purchase price of the property, whichever is the lesser. This excludes applicants applying under the Tenant Purchase Scheme).
- Provide 12 months evidence of rent payments if in rental accommodation.
- Applicants should seek independent financial advice when applying for a LAHL.
If you meet all of the above criteria, you will be eligible to submit an application.
An exemption to the requirement for continuous employment can be given in situations where an applicant has verifiable income from an alternative source, such as a pension from a previous employment, for the last 2 years (or 1 year if they are secondary earners in a joint application). However, this income must be of a sufficiently long-term and guaranteed nature as to provide a sustainable basis for repaying a mortgage.
Before You Apply
Instructions to be read the information carefully.
Ensure all questions are answered in BLOCK CAPITALS.
Gather required documentation.
Seek independent financial advice.