This loan may be made available to first time buyers who cannot get adequate finance from a Bank or Building Society to purchase or build their home.
A Council tenant who has accepted an offer from the Council for the sale of the dwelling and who cannot get adequate finance from a Bank or Building Society may be eligible for this loan.
This loan is for the reconstruction, repair or improvement works necessary for the purposes of making a house fit for habitation.
This loan is made available by way of mortgage from a number of designated local authorities for first time buyers who cannot get adequate finance from a Bank or Building Society.
The Mortgage Allowance Scheme is to assist tenants and tenant purchasers of Council dwellings and certain voluntary housing bodies who wish to return their dwelling and purchase or build a private dwelling by reducing their mortgage repayments over the first five years of the mortgage.