Purchase Price

The affordable purchase price will be calculated by South Dublin County Council based on the “purchasing power” of eligible applicants. This calculation considers applicants maximum mortgage capacity and the minimum price set for the home by the Council. The Applicant’s purchasing power must not exceed 95% of the market value of the property. The purchasing power of applicants will be calculated as the combined total of:  

• Maximum mortgage capacity, i.e., 4 times gross household income, plus, 
• A minimum deposit of 10% of the affordable purchase price, which can include support from the Help to Buy scheme, plus, 
• Relevant savings, i.e., any savings in excess of the combined sum of the required deposit amount plus €30,000*.

*If you have savings above a certain amount, you may not qualify for the scheme. You can have the money to cover the deposit on the home and an additional €30,000. Anything above this is added to your purchasing power. If this purchasing power goes above 95% of the market value of the home, you are not eligible for the scheme. 

Minimum and Maximum Purchase Prices

The market value, minimum and maximum purchase prices for the available scheme are outlined below:

Applicants must be able to demonstrate that they can fund the purchase of an affordable home between the minimum and maximum purchase prices. If an applicant’s purchasing power is below the minimum purchase price, they are not ineligible for the scheme however they will need to confirm that they have additional funds such as a gift that will increase their purchasing power to the minimum purchase price.

Applicants with purchasing power assessed as over the maximum purchase price of the affordable units available will be ineligible for the scheme.

Income Limits

Income to be assessed by the Council and exceptions apply. Please note, incomes below the typical gross household incomes listed above may still be eligible.

The example below acts as guidance only to show how your gross income helps to determine your purchasing power and the level of local authority's equity you require.

• These figures are based on the 3 bed upper duplex in Kilcarbery Grange, where the open market value is €371,940.

Mortgage Approval in Principle

In order for the Council to fully assess and process your application, you will need to submit a maximum mortgage Approval In Principle (AIP) letter from one of the pillar banks or a Local Authority Home Loan (LAHL) letter. If you have not already applied for an AIP, you will need to commence this process now.

Purchasers can use the Local Authority Home Loan or a mortgage from the below listed financial institutions who have entered into a ‘Priorities Agreement’, to finance their purchase. This agreement between the Council and the bank will not impact on the purchaser but will record that the Council will retain an equity share in the property and will provide that the bank’s interest will take priority.

• Local Authority Home Loan (via SDCC)
• AIB
• Haven Mortgages
• EBS
• Permanent TSB
• Bank of Ireland