89 applications for Rebuilding Ireland Homeloan in Kerry last year

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.

No applications were withdrawn, but approval in principle is only valid for six months, and if a property hasn’t been identified and an offer letter issued in that time, the approval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