Affordable Housing
Affordable Housing lets you purchase a home in your local area at a discounted price. These Affordable Homes are now available from most local authorities.
Do I Qualify for an Affordable Home?
You should qualify for the Affordable Housing Scheme if you are in need of housing and your income satisfies the income test below.
The income test
- Single income household
If your gross income (before tax) in the last income tax year was 40,000 euro or less you are eligible.
- Two income household
Multiply the gross income (before tax) of the higher earner in the last income year by 2.5 and add the gross income of the other earner in the last income tax year. if the answer is 100,000 or less you are eligible.
Where do I apply?
When applying for affordable housing, your first step is to approach your local authority. Local authority websites often include useful information. You will be required to submit some documentation with your application. This will usually include:
- a P60
- recent payslip
- identification (passport etc.)
The policy and practice of each local authority with regard to Affordable Housing can differ widely, so contacting your local authority directly to find out its housing supply situation and qualification rules is always a good idea.
Contact MortgageLine first to get your mortgage pre-approved so that you know what you will be able to afford.
List of Local Authority websites
The policy and practice of each local authority with regard to Affordable Housing can differ widely, so contacting your local authority directly to find out its housing supply situation and qualification rules is always a good idea.
More useful information on Affordable Housing can be found at www.affordablehome.ie and www.citizensinformation.ie
Once you have been approved by your local authority for an affordable home your MortgageLine Advisor can then help you with the finance.
Contact us today on 1890 65 1890 or Apply-Online for Mortgages Made Easy.
