Grant Assistance on Loan Repayment - Scheme GALR
Aim:
To give a grant up to a maximum of 30% and up to €850, for loan repayments per year.
Criteria:
1. The scheme is open to first time buyers, acquiring their property from the private sector.
2. This assistance is given for 10 years and is open for the first 300 applicants.
3. These Categories of applicants can qualify:
- Single persons
- Single parents
- Separated persons
- Married couples
- Engaged couples
4. These categories are further split as follows:
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Category 1
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Single person
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Category 2
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Engaged Couples
Married Couples
Married Couples or Single/Separated Parents
with one child or 2 children of same sex
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Category 3
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Married couples or Single Parents/Separated Parents with 2 children of different
sex or with 3 children and over
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5. The grant is calculated according to the category, loan amount and income of applicants.
6. The table below shows the permissible income, assets and value of property being bought in order to qualify under this scheme. The table also shows the maximum grant for each category.
Click here to downlaod the aplication form for this scheme.
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Category
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Income
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Maximum Assets to Qualify
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Maximum Value of Property being bought (In Finished State)
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Maximum Grant
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1
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€10,000 - €18,000
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€21,000
|
€70,000
|
€750
|
|
2
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€11,500 – €23,000
|
€28,000
|
€95,000
|
€800
|
|
3
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€13,000 – €28,000
|
€35,000
|
€120,000
|
€850
|