COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, March 10, 2025

QUESTION NO. 27

QUESTION: Councillor J. Spear

Can the Chief Executive please report on whether South Dublin County Council has considered (or would consider) offering re-mortgages for the 548 families/persons who have mortgages with the Council?

REPLY:

The current loan schemes available from local authorities are the Local Authority Home Loan scheme or the Local Authority Purchase and Renovation scheme. These loans are available to first time buyers or applicants who qualify under the 'Fresh Start Principle'.

The Council do not currently offer a re-mortgage facility for borrowers. However, depending on individual circumstances pertaining to the homeowner and their loan, an application to re-mortgage with an external financial institution will be considered for those with mortgages on former local authority dwellings. Information and application forms for the council’s consent to re-mortgage are available on www.sdcc.ie.

There is an option for Shared- Ownership mortgage holders to restructure and combine their capital loan and rented equity into a single annuity loan.This allows the borrower(s) to pay the outstanding capital balance on the existing loan while also repaying the council’s rented equity share.