Home Run Mortgage - Overview
Affordable Housing.
If you've been approved to buy a house in a local authority affordable housing scheme the Home Run mortgage offers you a head start in your first steps on the property ladder.
- Wide choice - a range of fixed and variable rate mortgages to choose from.
- Flexibility - choose a term that suits you up to 35 years, depending on your age at application.
- 90% finance - based on the discounted property purchase price. Minimum loan amount €40,000. Maximum loan amount €500,000.
Restrictions apply
- You must be allocated with a property by the local authority before applying for the Home Run mortgage.
- You must also have been issued with a 'confirmation to lender' certificate from the local authority.
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
VARIABLE RATE LOANS: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.
WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR LOAN, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE.
