The Rebuilding Ireland Home Loan is a new Government backed mortgage for First Time Buyers. Limerick City and County Council will consider applications from qualified persons for loans to purchase new or second hand properties or to build your own home under this scheme.
Covid-19: HPL1 Temporary Process
Social Housing applicants and applicants for the Rebuilding Ireland Home Loan should note that in light of the Covid-19 emergency, a temporary alternate arrangement has been put in place that will remove the need for them to have to obtain a physically completed HPL1 form from Revenue, either in person, by post, or by Revenue’s online systems ROS/ MyAccount. Instead, the applicant can request that the local authority undertake an electronic process to obtain the information from the Revenue Commissioners. Persons who wish to avail of this option should contact their local authority and request that the relevant HPL1 information be obtained on their behalf by the local authority.
Please use the Rebuilding Ireland Home Loan Calculator to check how much you may be eligible for. Please note that the maximum loan you can apply for from Limerick City and County Council is €225,000.
To be eligible for a Rebuilding Ireland Home Loan you must:
If employed, you need to produce the following documents per applicant:
- P60 for the most recent tax year
- An original Salary Certificate stamped by the applicant's employer
- 4 Recent payslips
If self-employed, you need to produce the following documents per applicant:
- Audited Accounts/Account’s Reports for 2 years
- Current Tax Balancing Statement for 2 years
- Current preliminary Revenue Tax Payment Receipt
All applicants need to provide the following documents:
- Photo ID Current Passport or Driving Licence
- Proof of Present Address – current utility bill or Bank statement
- Proof of long term Right of Residence in Ireland (if applicable)
- Marriage Certificate (if applicable)
- Divorce Certificate (if applicable)
Be able to provide proof of insufficient offers of finance from 2 financial institutions (Bank or Building Society lenders only).
If currently renting a property, tenants must be able to show evidence of proof of payment/rent book/statement for 6 consecutive months and have a clear rent account 6 months prior to applying for the Rebuilding Ireland Home Loan.
You must show evidence of 12 months continuous savings, including all your current account/saving statements/credit union statements, to cover the legal fees and stamp duty (if necessary).
If renting, you must show proof of 12 months rent payments.
Loan Repayment Capacity
You must be able to provide clear evidence of your ability to repay the minimum mortgage repayment over the last 12 months by paying rent in full and/or savings.
You must produce 12 months of credit card/loan statements for any loans that are outstanding by you.
Click here for more information about the criteria that need to be fulfilled to apply for consideration for a Rebuilding Ireland Home Loan.
Making an Application
To apply for a Rebuilding Ireland Home Loan please complete an application form (available to download in the supporting documents below). You will also need a HPL1 form stamped by the Revenue Commissioner, a Social Welfare form stamped by Social Welfare, and you need to give consent to an Irish Credit Bureau check, along with providing all the accompanying documents required, so we can assess your application.
Please return your application form and documents in person to:
Limerick City and County Council
Limerick V94 EH90
Or post to:
Housing Support Services Department
Limerick City and County Council
Limerick, V94 EH90
If you are deemed eligible for the scheme, you will meet a member of the Housing Loans team at a suitable date and time in Corporate Headquarters, Limerick City and County Council, Merchants Quay, Limerick, V94 EH90. Your application will then be sent to the Housing Finance Agency and Credit Committee for their recommendations and you will be notified of their decision.
Click here to download more information about Getting a Homeloan from your Council.