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89 applications for Rebuilding Ireland Homeloan in Kerry last year

Aug 29, 2020 17:30 By radiokerrynews
89 applications for Rebuilding Ireland Homeloan in Kerry last year
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Kerry County Council received 89 applications last year for the Rebuilding Ireland Homeloan. The government-backed scheme provides mortgages to first-time buyers who’ve

Kerry County Council received 89 applications last year for the Rebuilding Ireland Homeloan.

The government-backed scheme provides mortgages to first-time buyers who’ve been refused a mortgage or were offered insufficient finance.

During 2019, the council approved 25 Rebuilding Ireland Homeloans, while 26 were refused.

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No applications were withdrawn, but approval in principle is only valid for six months, and if a property hasn’t been identified and an offer letter issued in that time, the approval expires, and a new application must be submitted.

The details were revealed in response to a question from Fianna Fáil Cllr Michael Cahill at the recent Kenmare Municipal District meeting.

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