18/09/2008
Proposals May Help Low Income Home Buyers
Home buyers on low incomes could soon receive help from the Government for their house-hunting.
The Environment Minister John Gormley has been given the go-ahead to draw up an expanded system of local authority loans for home buyers in the lower tax brackets.
Mr Gormley is reported to have briefed ministerial colleagues explaining the maximum loan approval of just €185,000 was not realistic for prospective home buyers. It is thought the maximum loan approval will be increased to €300,000.
The move is hoped to spark an increase in house sales and re-kindling of the construction market.
A Government spokesman said the detail of the proposed boost for lower-rung buyers could possibly be announced before the Budget, but added that the specifics of the scheme had not yet been produced or approved.
The Fianna Fail government is presently engaged in a 'think-in' with the reinvigoration of the economy at the top of the agenda.
(DW)
The Environment Minister John Gormley has been given the go-ahead to draw up an expanded system of local authority loans for home buyers in the lower tax brackets.
Mr Gormley is reported to have briefed ministerial colleagues explaining the maximum loan approval of just €185,000 was not realistic for prospective home buyers. It is thought the maximum loan approval will be increased to €300,000.
The move is hoped to spark an increase in house sales and re-kindling of the construction market.
A Government spokesman said the detail of the proposed boost for lower-rung buyers could possibly be announced before the Budget, but added that the specifics of the scheme had not yet been produced or approved.
The Fianna Fail government is presently engaged in a 'think-in' with the reinvigoration of the economy at the top of the agenda.
(DW)
Related Irish News Stories
Click here for the latest headlines.
14 February 2020
Sixth Report Of Mother And Baby Home Investigation Published
The Sixth Interim Report from the Commission of Investigation into Mother and Baby Homes has been received by the Minister for Children and Youth Affairs, Dr Katherine Zappone. It is understood that it is a short report but raises complex issues related to the completion of the Commission's programme of work.
Sixth Report Of Mother And Baby Home Investigation Published
The Sixth Interim Report from the Commission of Investigation into Mother and Baby Homes has been received by the Minister for Children and Youth Affairs, Dr Katherine Zappone. It is understood that it is a short report but raises complex issues related to the completion of the Commission's programme of work.
21 January 2020
Drogheda Garda Officer Allegedly Followed Home By Suspected Gang Member
A personal safety warning has been issued to all gardaí officers working in Drogheda after an officer was allegedly followed home by suspected gang members. According to reports, the alleged incident occurred days before the murder of Keane Mulready-Woods. The Garda Representative Association (GRA) described the incident as "very intimidating".
Drogheda Garda Officer Allegedly Followed Home By Suspected Gang Member
A personal safety warning has been issued to all gardaí officers working in Drogheda after an officer was allegedly followed home by suspected gang members. According to reports, the alleged incident occurred days before the murder of Keane Mulready-Woods. The Garda Representative Association (GRA) described the incident as "very intimidating".
21 September 2022
SDLP Proposed 'Radical' New Scheme For Home Heating Oil Users
A radical new scheme to support Northern Ireland households using home heating oil has been proposed by the SDLP.
SDLP Proposed 'Radical' New Scheme For Home Heating Oil Users
A radical new scheme to support Northern Ireland households using home heating oil has been proposed by the SDLP.
26 November 2015
Mortgage Loan Scheme Needs To Be 'Revamped' - FF
A loan scheme designed for first time buyers needs to be "revamped", Fianna Fáil spokesperson on finance Michael McGrath has said. Deputy McGrath made the call after figures revealed that not a single loan has been issued under the scheme so far in 2015.
Mortgage Loan Scheme Needs To Be 'Revamped' - FF
A loan scheme designed for first time buyers needs to be "revamped", Fianna Fáil spokesperson on finance Michael McGrath has said. Deputy McGrath made the call after figures revealed that not a single loan has been issued under the scheme so far in 2015.
11 May 2016
Cork And Wicklow Most Popular Locations For Country Home Buyers - Report
Counties Cork and Wicklow are the most popular locations for country home buyers.
Cork And Wicklow Most Popular Locations For Country Home Buyers - Report
Counties Cork and Wicklow are the most popular locations for country home buyers.
-
Ireland WeatherToday:After a cold frosty start it will be a fine dry day, with some good spells of sunshine through the morning in the north. Clouding over into the afternoon. Maximum temperature 10 °C.Tonight:Cloud will continue to thicken though the evening with southerly winds strengthening. Outbreaks of rain spreading north in the early hours. Minimum temperature 3 °C.