The Housing Minister has announced a new scheme to make affordable mortgages available for low to middle income earners.
The scheme includes a very attractive 2-2.25% interest rate for the term of the mortgage, Under the schemes, a person or couple can borrow up to 90% of the value of a new, second-hand or self-build home to a maximum of €320,000 in the Greater Dublin area.
Income cannot exceed €50,000 for a single person or €75,000 for a couple.
Now – if they would only build 20,000 houses……..