The EBS Building Society has today launched a new mortgage product specifically for those purchasing their first home under a Local Authority Affordable Housing Scheme.
'HomeAccess' allows first-time home buyers, who are allocated an affordable house, to borrow up to 97% of their home. The borrower can repay the mortgage over a term of up to 35 years and has a choice of EBS mortgage rates whether variable, tracker or fixed rate.
'HomeAccess' has been designed in consultation with the Department of the Environment, Heritage and Local Government and will be available in EBS Branches from September 1.
