Local Authority Home Loans Scheme (LAHL)
Local Authority Home Loan - Increase in Fixed Interest Rates, the new interest rates will be :-
2.845% for mortgages up to 25 years
2.945% for mortgages between 25 and 30 years.
Loans drawn down on or after 1 July 2022 will be at the increased rates.
The new Local Authority Home Loans Scheme (LAHL) will replace the existing Rebuilding Ireland Home Loan (RIHL) for the purchase of new or second-hand residential properties and for self-builds. The scheme will operate in a similar way to previous local authority loan products, by assisting borrowers in securing an affordable, long-term fixed rate mortgage to purchase a home of their own.
Please see www.localauthorityhomeloan.ie for more information and to estimate how much you could be eligible to borrow. You may also contact the National Helpdesk at 051 349720 or Wexford County Council Mortgage Department at 053 9196474 or 053 9196275