State home loan scheme aims to help employees affected by Covid-19
The Rebuilding Ireland Home Loan scheme will make mortgages available to some who cannot get approval privately
Prospective homebuyers who have suffered a drop in income due to the Covid-19 pandemic but whose employers are known by local authority staff may be allowed draw down a state-backed mortgage earlier than other borrowers, according to the Department of Housing.
The Rebuilding Ireland Home Loan scheme (RIHL) provides affordable mortgages with a fixed interest rate to people who cannot gain mortgage approval through private lenders.
The scheme is administered by local authorities and was...
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