Buy out my Rented Equity - Fingal County Council

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I want to Buy Out my Rented Equity

People who have bought a home under Fingal County Council’s Shared Ownership Scheme may be allowed to change to a full mortgage with the Council rather than continue to rent the Council’s share.

(a) Qualification Requirements

1. You must have had your existing loan for 12 months before making an application.

2. You must not have had arrears on your existing loan for at least one year.

3. We must be satisfied that you can make the new repayments.

(b) Financial Details

The amount of your new loan will be the amount needed to pay off your existing loan and the value of the Council’s rental share at the date you transfer. We cannot lend more money.

The interest rate is variable. The present rate is 2.25%.

In addition, there is a mortgage protection insurance of 0.5615% on the new loan amount. (Total 2.8115%)

There is an application fee of €38.00.

There will be legal/Land Registry Fees to be paid.

(c) How do I apply?

Please download and complete the Application Form and return to Loan Accounts Section, Grove Rd, Blanchardstown, Dublin 15.