{"id":1653,"date":"2017-09-25T13:43:18","date_gmt":"2017-09-25T13:43:18","guid":{"rendered":"http:\/\/www.kerrycoco.ie\/?page_id=1653"},"modified":"2017-09-25T14:53:31","modified_gmt":"2017-09-25T14:53:31","slug":"mortgage-allowance-scheme","status":"publish","type":"page","link":"https:\/\/www.kerrycoco.ie\/housing\/i-own-a-house\/reconstruction-home-improvement-loan\/mortgage-allowance-scheme\/","title":{"rendered":"Mortgage Allowance Scheme"},"content":{"rendered":"

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What is the Mortgage Allowance Scheme?<\/strong>
\nThe Mortgage Allowance Scheme is a social housing option which assists tenants and tenant purchasers of local authority dwellings, who wish to return their dwellings to the authority and purchase or build a private dwelling for their own occupation. It does this by reducing their mortgage repayments over the first five years of their mortgage.
\nThe amount of the allowance is \u20ac11,450 payable over five years. The allowance is paid directly to the lending agency and results in your mortgage repayments in the first five years being reduced by the relevant annual amount of the allowance, i.e.<\/p>\n