The Local Authority Purchase and Renovation (LAPR) Loan is now open for applications. The loan is an expansion of the Local Authority Home Loan and supports both the purchase and renovation of homes which are eligible under the existing Vacant Property Refurbishment Grant (VPRG)
It is a government-backed mortgage and loan for the purchase and renovation of derelict and non-habitable homes. The property must be eligible for the Vacant Property Refurbishment Grant, whether derelict, non-habitable or simply vacant.
If you wish to purchase and/or renovate a Vacant Property Refurbishment Grant-eligible home but cannot get sufficient funding from commercial lenders, you can apply to your local authority for a LAPR.
The amount that you can borrow is dependent on the type of renovation work required and the end-of-work value of your home.
Full details of the Local Authority Purchase and Renovation Loan (LAPR), including eligibility criteria, can be found at www.purchaseandrenovationloan.ie
How to apply:
Applicants must complete the relevant Application Form, which is available for download here and return it to:
Housing Department, Wicklow County Council, County Buildings, Wicklow Town, A67 FW96