House Purchase Loan
Loans for the purchase or building of dwellings may be obtained from the commercial lending agencies (e.g. building societies, banks, etc) subject to meeting the conditions they lay down. Enquiries concerning the qualifying conditions for a loan from a commercial agency should be made directly to them. If an applicant is unable to obtain a loan suitable to his/her requirements from a commercial agency, s/he may apply to the Local Authority for a loan. Evidence must be produced to the authority of a genuine refusal of a loan from both a building society and a bank.
You may qualify for a housing loan if:
- Your income satisfies the income test below OR
- You are a person whose application for Local Authority Housing has been approved by the Local Authority, or a Local Authority Tenant or Tenant Purchaser who wishes to buy a private house and to return your present house to the Local Authority, or a Tenant for more than one year of a house provided by a Voluntary Body under the Rental Subsidy Scheme who wishes to buy a private house and return your present house to the Voluntary Body
Please note : the House Purchase Loan is not available to those in receipt of unemployment/social welfare benefits.
Note: Galway County Council do not offer top ups or consolidation/remortgages loans.