Michael Ring (Mayo, Fine Gael)
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221. To ask the Minister for Housing, Planning, Community and Local Government the reason a reply has not issued regarding a council loan query which had been marked as urgent (details supplied). [6691/17]

Simon Coveney (Cork South Central, Fine Gael)
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A response to this query issued on 13 February 2017.

The standard annuity mortgage available from local authorities is targeted at lower income first time buyers who are unable to get a loan from a building society or a bank. The relevant terms and conditions applying to local authority housing loans are as set out in the following regulations - the Housing (Local Authority Loans) Regulations 2012- available at: www.irishstatutebook.ie/eli/2012/si/408/made/en/print.

The credit policy which sets out the terms and conditions for the making of loans under these regulations stipulates that the primary earner on the application must have at least two years continuous employment (this can be self-employment). This requirement does not mean that the employment must be with the same employer but rather that there should be no break in employment for at least two years.

I would advise prospective house purchase loan applicants to contact their relevant local authority for further information in relation to the loan products available and the terms and conditions that prevail.