County Council Officials To Provide Loans To First Time Buyers

First-time buyers who've been unable to get a mortgage, could soon be able to avail of loans of up to €360,000 from their local councils.

The memo was brought by the Housing Minister to Cabinet this morning.

Minister for Housing Darragh O'Brien wants to see income limits and house prices increased, under the Local Authority Home Loan scheme.

The scheme is in place for people who've been unable to get a mortgage from their bank.

The house price limit will increase by €40,000 to €360,000 in Dun Laoghaire-Rathdown, South Dublin, Wicklow , Dublin city, Fingal and Kildare according to the Irish Independent.

In Limerick, Waterford, Clare Wexford, Westmeath and Kilkenny there's been a €50,000 increase to the limit, which is now €300,000.

While Galway, Cork, Louth and Meath the house price limit is now €330,000