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Affordable Housing

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  • 09-11-2006 2:18pm
    #1
    orbison
    Closed Accounts Posts: 5 ✭


    Hi all,
    Just wondering if anyone knows what the story is with affordable housing thresholds, criteria for application etc.. I'm currently a joint owner of a house which i bought with a friend two years ago. The house is in Wicklow and I'm planning to sell up and move back to Dublin very shortly. I'm currently earning around 48k per annum so I'm not sure if I can qualify for the scheme or not. The Banks will only give me a mortgage for around 230k, which doesn't help much if your trying to get a place in Dublin! :confused:


Comments

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    #2
    orbison
    Closed Accounts Posts: 5 ✭orbison


    Sorry Guys, i double posted this thread by mistake, can a mod delete this thread please.

    Thanks


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    #3
    Shinners23
    Closed Accounts Posts: 265 ✭✭Shinners23


    Hi Orbison,

    The threshold for the affordable housing is 40k at the minute.


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    #4
    orbison
    Closed Accounts Posts: 5 ✭orbison


    Thanks for that shinners, i'll need to come up with another plan get onto the property ladder in Dublin


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    #5
    chilli_pepper
    Closed Accounts Posts: 254 ✭✭chilli_pepper


    I feel your pain Orbison ,in a bit of a catch 22, you cant get a mortgage for anywhere decent and yet you dont qualify for affordable housing.


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    #6
    podge018
    Registered Users Posts: 1,817 ✭✭✭podge018


    You have to be a first-time buyer too, so you're screwed both ways.


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    #7
    jdivision
    Registered Users Posts: 4,260 ✭✭✭jdivision


    Shinners23 wrote:
    Hi Orbison,

    The threshold for the affordable housing is 40k at the minute.
    Only in some areas, DCC limit is e65k, no limit in Dun Laoghaire-Rathdown


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    #8
    chilli_pepper
    Closed Accounts Posts: 254 ✭✭chilli_pepper


    interesting , do you know what the threshold is for Married couples ?


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    #9
    jdivision
    Registered Users Posts: 4,260 ✭✭✭jdivision


    chilli_pepper wrote:
    interesting , do you know what the threshold is for Married couples ?
    It's done off a formula. DCC's application form has the mathematical formula on it. DL-R list is closed til year end so can't apply til then anyway


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    #10
    ButtermilkJack
    Registered Users Posts: 632 ✭✭✭ButtermilkJack


    orbison wrote:
    Thanks for that shinners, i'll need to come up with another plan get onto the property ladder in Dublin
    You'll just have to do what others who aren't eligible for the affordable homes do... buy the 'unaffordable' ones :D

    Sorry, couldn't resist :p


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    #11
    BC
    Registered Users Posts: 1,326 ✭✭✭BC


    DCCs threshold is higher but you have to be a first time buyer.


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