Has anyone here availed of the Rebuilding Ireland Home Loan?

[Brendan Burgess]

I have seen very little about this but it seems that about €100m of mortgages have been handed out. And there seems to be a demand for €200m more from press reports.

But there have been only a few mentions of it on askaboutmoney.

I heard someone say that half of the loans so far have been for self-builds.

Brendan

 

[Armada]

We sold a house to what was our tenant 13 months ago. They successfully funded the purchase of the house, a 3 bed semi, through the scheme.
The mortgage loan was for 25 years @ 2% fixed for the duration as far as I can remember. 90% of the purchase price approved and drawn down circa 140k
It all seemed to be quite straightforward once the initial application was approved. The usual standard surveyors reports etc...were required.

 

[Monbretia]

There is a FB page called Self Build and Renovations Ireland and the subject often comes up which makes sense if there are so many self builds.

 

[Brendan Burgess]

The stats for Q1 and Q2 2019 are here.

https://www.housing.gov.ie/sites/default/files/attachments/rihl-loans-2019-todate_0.xlsx

556 loans were drawn down , so about 1,100 a year and about €200m in value.

Brendan

 

[EvenStevens]

I bought a house last year through the scheme. Not a self build