The Mortgage Allowance Scheme is meant to enable social housing tenants to get a mortgage or directly purchase a house. It is an allowance of up to €11,450 which will be paid to the mortgage lender over a period of five years in order to reduce the mortgage repayments for that period.

It can be applied against mortgages from commercial agencies, such as banks, or mortgages sourced from a local authority.

The best source of information for this Scheme is on the Government Website https://www.gov.ie/en/service/b66ea-mortgage-allowance-scheme/ . This covers: