Local authority house loans an overlooked possibility for buyers
That’s according to estate agent Peter Skuse, who says the one-time popular source of finance for affordable homes is still on the books but just not promoted.
Local authorities can lend up to €185,000 from public funds for people to buy their homes instead of renting. If that threshold were moved up to say €250,000, it could make for a very successful and simply administered scheme, he says.
