Cabinet to consider plan that would bringing new hope to aspiring homeowners in Tipperary

The Cabinet is set to consider a plan that would raise the maximum house price and income limits for local authority home loans, bringing new hope to aspiring homeowners in County Tipperary. These loans offer a vital lifeline to first-time buyers and those seeking a fresh start on the property ladder.

House price limits differ across the country, and now the Minister is proposing a €35,000 boost for County Tipperary, raising the cap to €310,000. This higher limit would also open doors for buyers in Carlow, Cavan, Donegal, Kerry, Laois, Leitrim, Longford, Mayo, Monaghan, Offaly, Roscommon, and Sligo.

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Among the proposed changes is an increase in the income limit for single earners, from €70,000 to €80,000. This shift could open the door to homeownership for more people, particularly in smaller towns and villages beyond the major cities.

A house price limit of €415,000 is expected to be approved for counties in the greater Dublin area. Cork City and County, Galway City, and Meath will have a limit of €375,000. In Clare, Kilkenny, Limerick, Waterford, Westmeath, and Wexford, the new limit will be €345,000.