West Cork body needs €50k to buy 20 houses

A West Cork housing association has been issued with a loan offer from AIB which will allow it to buy 20 properties under the Government’s mortgages-to-rent initiative.

Skibbereen-based Carbery Housing Association has been deemed an approved housing body.

Householders unable to pay their mortgages can opt for mortgages being transferred to an approved housing body on the understanding they will remain in their homes as permanent tenants of the association.