Peadar Tóibín (Meath West, Aontú)
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284. To ask the Minister for Housing, Planning, and Local Government under the local authority home loan scheme the maximum borrowing terms for applicants from age 45 up to 70 years old; and the number of successful and unsuccessful applications from within this age category; and if he will make a statement on the matter. [14790/23]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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The Local Authority Home Loan is a Government backed mortgage for those who cannot get sufficient funding from commercial banks to purchase or build a home. It has been available nationwide from local authorities since 4 January 2022 for first-time buyers and fresh start applicants. The loan can be used both for new and second-hand properties, or to self-build.

The Loan is available for applicants aged between 18 and 70 years old. The maximum term over which the Local Authority Home Loan can be borrowed is the lesser of 30 years or the period until the applicant (in a joint application it is the older applicant) reaches their 70th birthday.

For example a qualifying applicant aged 45 can have a maximum term of up to 25 years, while a qualifying applicant aged 55 years would have a maximum term of up to 15 years.

Statistics in relation to specific age profile of applicants for the Local Authority Home Loan are not collected by my Department.