To assist local authority home loan borrowers who may experience a reduction in their income arising from the COVID-19 emergency and may not be able to make repayments on their loans, a Mortgage Payment Break of up to three months will be made available, with the possibility of extending this for a further period to those who need it. The total duration of the four mortgage payment breaks is twelve months.
A local authority home loan Mortgage Payment Break means that no repayments are made to your home loan account for the duration of the Mortgage Payment Break. No interest is charged during the Mortgage Payment Break.
- The term of your home loan remains unchanged (i.e. if the original term/maturity date is July 2035 – this will remain at July 2035).
- Your home loan repayments recommence after the Mortgage Payment Break at a higher amount than before the Mortgage Payment Break. This is necessary to ensure that your home loan will be repaid in full within its original term.
- Mortgage Protection Insurance Payments will need to be maintained and arrangements for same must be agreed directly with Wexford County Council.
- The total duration of the four mortgage payment breaks is twelve months; comprising four mortgage payment breaks each lasting 3 months. You cannot apply for a single mortgage payment break of more than three months.
You should only apply for a mortgage payment break if you consider that you need it. The closing date for first time applicants to apply for an initial three month Mortgage Payment Break is the 31st March 2021.
Please refer to the Questions & Answers document before applying.
Application for a 1st Mortgage Payment Break
To assist local authority home loan borrowers who may experience a reduction in their income arising from the COVID-19 emergency and may not be able to make repayments on their loans, a Mortgage Payment Break of up to three months is available. To apply please click here.
Application for a 2nd Mortgage Payment Break
To assist local authority home loan borrowers who are still experiencing a reduction in their income arising from the COVID-19 emergency and who have already applied for an initial 3 month break, the option to extend for a further 3 months is available. To apply please click here.
Application for a 3rd Mortgage Payment Break
Having regard to the continuing COVID-19 pandemic, local authority borrowers who consider themselves to be in need of the financial support are now being given the option of a third mortgage payment break for an additional three months.
To apply please click here.
Application for a 4th Mortgage Payment Break
You should only apply for a fourth Mortgage Payment Break if you consider that you need it. To apply for a fourth Mortgage Payment , you must have engaged with the local authority during the third Mortgage Payment Break, be continuing to experience a reduction in your income arising from the COVID-19 situation and be unable to make repayments on your home loan. Wexford County Council can take into account details of your financial situation in assessing whether you need the fourth Mortgage Payment Break. The total duration of the four Mortgage Payment breaks is up to a maximum of 12 months.
If you wish to be considered, please click here.