Strictness of criteria for Dublin City council home loan.

[Mamamia22]

A few questions re home loan applications. If the intended property is over 320 k in value does that exclude the possibility of a successful application ?
Anyone know where are the interest rates used by the council ?
If your work history is less than 6 months would that be grounds for refusal ? Would a larger deposit help ?
If your deposit is coming from a parent does that negatively impact the application ?
Any suggestions to ensure a successful application ?
How long to get approval at the moment ?

 

[ClubMan]

Some or all of your questions should be answered here...

Local Authority Home Loan

localauthorityhomeloan.ie

Local Authority Home Loan

The Local Authority Home Loan is a Government-backed mortgage administered by the local authorities.

www.citizensinformation.ie

Local Authority Home Loan

Information on Local Authority Home Loan

www.dublincity.ie

 

[Mamamia22]

Many thanks. Those are criteria but I’m wondering how strictly are the rules applied, if anyone has any direct experience.

 

[RedOnion]

Those are criteria but I’m wondering how strictly are the rules applied,

Most of the criteria are set out in legislation. A local authority doesn't have the power to ignore them.

 

[Mamamia22]

Ok. So there is not any flexibility on the interpretation. Thank you.