If you require further information or assistance in completing your application for your affordable home, please call Íde on 058-22025 or Melanie on 051-849736 email affordablehomes@waterfordcouncil.ie and we will be happy to assist you.
Local authorities make homes available at a reduced price for first-time buyers whose mortgage and deposit will not cover the price of the home and who are seeking to purchase a newly-built home. Through the scheme, the local authority will take a percentage equity stake in the home equal to the difference between the open market value of the property and the reduced price paid by the purchaser.
Waterford City & County Council has arrangements in place with a developer for the sale of homes at 2 locations:
Applicants should submit a Mortgage Approval in Principle letter from their proposed lender confirming the maximum mortgage available to the applicants when applying for affordable housing. Purchasers can use the Local Authority Home Loan or a mortgage from any private lending institution, such as a bank or building society, to finance their purchase. Where a purchaser is not availing of the Local Authority Home Loan through the Council to purchase the home, a separate ‘Priorities Agreement’ between the Council and the bank providing the mortgage to the purchaser will be necessary. This agreement will be between the Council and the bank and will not impact on the purchaser but will record that the Council will retain an equity stake in the property and will provide that the bank’s interest will take priority.
Financial institutions require that a minimum 10% deposit must be raised by purchasers. The Help to Buy Scheme operated by the Revenue Commissioners can help with the deposit needed to purchase these affordable homes. Please see Revenue.ie for more details.
From Tuesday 20th September 2022 at 9am the system will allow for input of all relevant data and applicants will be required to upload supporting documentation by clicking the 'APPLY' button to start. Remember to click 'SUBMIT' button at the end.
Applications for the Scheme will be accepted on the first-come-first-served basis. Therefore it is important that you gather all required documents in place and have them ready to upload. Please see Checklist of required documents below.
APPLICANTS SHOULD ENSURE THAT THEY HAVE FULLY COMPLETED THE APPLICATION FORM AND DECLARATIONS AND SUBMITTED THE REQUIRED DOCUMENTATION, AS THE DATE AND TIME OF APPLICATION WILL BE ONE OF THE CRITERIA ON WHICH ELIGIBLE APPLICATIONS WILL BE PRIORITISED UNDER THE COUNCIL’S SCHEME OF PRIORITY
o Divorced or separated individuals who do not retain an interest in a home previously owned with their former spouse/Civil Partner;
o A limited category of second-time buyers (those who purchased previously but whose home is now demonstrably too small for their household needs); and
o Applicants who previously purchased a dwelling but who sold it or became divested of it as part of insolvency/bankruptcy proceedings.
Applicants who are eligible and who submit a valid application will be assessed based on Waterford City & County Council’s Scheme of Priority for affordable dwelling purchase arrangements.
Selected applicants will be required to fully verify their application details and will be offered the opportunity to purchase a property in sequence until all properties have been sold.
The developer is not involved in the administration or the selection process for this affordable housing scheme.
PAYE employees : Employer certified Salary Certificate for Applicant 1 and Applicant 2 , Employment Detail Summary and payslips (3 if paid monthly, 6 if paid fortnightly and 12 if paid weekly).
Self-Employed : Documents for previous 2 years: Audited/Certified Accounts, Tax Balancing Statement and Tax Payment Receipt.
Not employed - Unemployment/Social Welfare Benefit Confirmation - completed by an official at the Department of Social Protection.
1.Apply for Help to Buy Scheme from Revenue to get proof of your first-time buyer status from the Revenue.
2.Download & print:3.Apply for/gather and then photograph or scan the rest of your documents as listed in the checklist above, to have ready in PDF or JPG/PNG format .
4.Register on the Waterford Submit platform, verify your account and remember/note your password. If you have participated in Expressions of Interest sought by Waterford City & County Council in Spring 2022 then you are already registered as a user on the platform. Make sure you remember your login and password and that you are able to log in. If not - reset it.