What is Affordable Housing?

Affordable homes are properties made available by the local housing authority at a discount to the price hat would normally be paid if the house was bought on the open market. Affordable homes are provided on the basis that you will live in the property and not use it for any other purpose.

Do you qualify for an Affordable Home?

To qualify there are some basic criteria you must meet:

• You must be a first time buyer (but there are some exceptions, for example if you are divorced);
• You must have enough income to meet your mortgage repayments after you have paid all your other costs of living;
• You must be registered with your local housing authority

Affordable Housing Loans

Home Brokers can provide affordable housing loans through our partner, Haven Mortgages. It is a good idea to discuss your affordable housing loan requirements inadvance of registering with the local housing authority. The general criteria for a Haven Affordable Housing Homeloan is outlined below:

Minimum Age - 18

Maxumum Age at Loan Maturity - 70

Maximum Loan Term - 40 years

Maximum Loan to Value - Up to 100% of the discounted purchase price is available (not to exceed 80% of the true market value)

Minimum Income - €30,000 for sole applicants, €45,000 for joint applicants

Need more  information? Call us now on 0818 333 602 for a free no obligation consultation or quick mortgage quote.

Next Steps

If you are interested in an affordable home get in contact with your local housing authority who will provide you with an application form and details of the affordable homes available in your preferred area. If you are offered a property that meets your needs the local housing authority will issue you with a 'Confirmation for Lender' certificate. Home Brokers will need this certificate to progress your loan application with Haven Mortgages.

You can check out www.affordablehome.ie for more information.

Alternative Housing

Portable Housing Solutions provided in conjunction with our Partner, Hyde Park Homes are not only affordable, but adaptable and can be a practical alternative to static housing. You may wish to consider looking into portable housing solutions if you fall into one of the following categories:

- You are a first time buyer priced out fo the market
- You need independent living in close proximity to your family, perhaps due to diability, mobility challenges or health issues
- You are building on a site and require medium term housing
- You have a growing family who need extra space

Hyde Park Homes is an established family business offering keen affordability, the highest customer service and the widest design choice in Ireland for premanufactured homes. Show homes are available to view in both Dublin and Belfast. Click here to arrange a viewing.

The benefit of a Hyde Park Homes is that epitomises needs based housing. The home can be contstucted to accomodate the buyers exact requirements. Hyde Park Homes can design and construct a permanent home of any size for any budget which can then be located anywhere in the country. The homes can be wheelchair accessible with adaptations for applicants with mobility challenges possible.

If you do not have land to accomodate a Hyde Park Home, contact Home Brokers and enquire about our site finding service for site for sale, lease or short term let. We also have a comprehensive planning guide to assist you.

Finance for Hyde Park Homes is available through Home Brokers. Contact us for more information.