Making home ownership more affordable for first time buyers or other eligible applicants:

What is Local Authority Home Loan?

The Local Authority Home Loan (LAHL) is a Government backed mortgage for first time buyers and other eligible applicants.  It is available nationwide from all Local Authorities from the 4th January 2022.

As a first-time buyer or an eligible applicant under the Fresh Start principle you can apply for a Local Authority Home Loan to purchase a new or second-hand property, or to build your own home.

The loan is a normal Capital and interest – bearing mortgage which is repaid by direct debit on a monthly basis. You can borrow up to 90% of the market value of the property.

Am I eligible?

To qualify for a Local Authority Home Loan, you must:

  • Be First-Time Buyers and neither applicant can have previously purchased or be a current owner of a residential property. With the exception of applicants qualifying under the Fresh Start Principle and those who have inherited residential property. An LPT check will be completed at application stage
  • Be aged between 18 and 70 years.
  • Be earning under €65,000 (Gross) in the pervious tas year as a single applicant for a property in Cork, Dublin, Galway, Kildare, Louth, Meath or Wicklow or Be earning under €50,000 (Gross) in the previous year as a single applicant in the rest of the country, or as joint applicants i.e. two or more, must have a combined income of under €75,000 (Gross) in the previous tax year.
  • Be in continuous employment (this can be self-employment) for at least two years as a primary earner and in continuous employment for one year in the case of a secondary applicant (if second applicant is employed). With the exemption of those applying who qualify under the Temporary Amendments in light of Economic Impacts of COVID-19 (see FAQ’s in )
  • Provide consent for their PPSN to be used for a CCR New Application Enquiry (NAE) and an LPT property check, at application stage.
  • Currently have a legal right to reside and work in the State and be able to demonstrate that they are habitually resident in Ireland.
  • 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.


If you meet all of the above criteria, you will be eligible to submit an application.


What are my interest rate options?

Local Authority Home Loans offer two rate products:

  • 2.845% fixed for up to 25 years – Fixed
  • 2.945% fixed for up to 30 years – Fixed

Rates are subject to change. Mortgage rates are set on the date of drawdown of your loan.

*These rates, while correct at time of print, are subject to change and dependent on market conditions.

PLEASE NOTE: All rates are exclusive of Mortgage Protection Insurance (MPI), which is a requirement of borrowing.  Eligible borrowers are required to partake in the local authority collective MPI scheme. MPI is payable monthly, in addition to loan repayments.


Fixed Interest Rate:

Your monthly repayments remain the same for the full fixed rate loan period, making budgeting easier – but during the fixed rate period, you may be liable for a breakage fee if you pay off all or part of your mortgage.


How much can I borrow?

With the Local Authority Home Loan, you can borrow up to 90% of the market value of a residential property. Maximum market values of the property that can be purchase or self-built are €250,000. This limits the amount that can be borrowed to no more than €225,000.


A Home Loan calculator is available on: which will give you an indication of how much you can borrow and the estimated repayments.


How do I apply? 

  1. If you think you are eligible and can afford the repayments on the amount you need to borrow; you can complete the Local Authority Home Loan application form:


Local Authority Home Loan Application Form

Additional information can also be found at


2. You must complete all sections of the application form and provide the supporting documents described in the applicant checklist.

3. Your application form must be signed by all applicants and submitted to Monaghan County Council.  Applicants are strongly advised to submit their applications in person, as posted applications are often not completed correctly and have to be returned.

4. Your application will be assessed, and you will be advised of the decision in writing.


Further information is available at any of the following:


Data Protection

Mortgage to Rent Scheme Privacy Notice

Privacy Notice GDPR Local Authority Home Loans

Mortgage Subsidy Scheme

Mortgage Allowance Scheme

Mortgage Repayment Protection Plan