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Kildare Has High Rebuilding Ireland Homeloan Refusal Rates.

Stock image: Shutterstock

So, too, do Cork and Kerry.

A government agency has turned down 48 per cent of first-time buyers who've applied for a Rebuilding Ireland home loan this year.

Kildare, Kerry and Cork city were among the areas with high refusal rates.

Eoghan Murphy reports:


A Rebuilding Ireland home loan is a government-backed scheme for first-time buyers.

They have to fulfil a number of criteria - single applicants must earn less than 50,000 euro a year, and the threshold for a couple is 75,000.

The Housing Agency assesses applications for local authorities.

Of the 582 made in the first three months of this year, the Housing Agency recommended councils approve only 302.

It said 280 should be rejected.

It recommended 22 of the 29 applications in Kerry be turned down.

The majority of applications in several other areas also got rejection recommendations, including Cork city, Kildare, Wicklow and Wexford.

 

Local Authority Applications Assessed Recommended to Approve Recommended to Decline
Carlow County Council 4 1 3
Cavan County Council 2 2 0
Clare County Council 5 2 3
Cork City Council 31 15 16
Cork County Council 45 24 21
Donegal County Council 9 5 4
Dublin City Council 48 34 14
Dún Laoghaire-Rathdown County Council 17 9 8
Fingal County Council 56 34 22
Galway City Council 9 6 3
Galway County Council 16 8 8
Kerry County Council 29 7 22
Kildare County Council 42 19 23
Kilkenny County Council 19 10 9
Laois County Council 13 6 7
Leitrim County Council 4 2 2
Limerick City & County Council 17 7 10
Longford County Council 13 8 5
Louth County Council 17 9 8
Mayo County Council 10 3 7
Meath County Council 16 10 6
Monaghan County Council 5 2 3
Offaly County Council 6 2 4
Roscommon County Council 3 3 0
Sligo County Council 8 4 4
South Dublin County Council 39 22 17
Tipperary County Council 17 12 5
Waterford City & County Council 18 7 11
Westmeath County Council 5 5 0
Wexford County Council 22 10 12
Wicklow County Council 37 14 23
Total 582 302 280

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