Clonmore, Ballyviniter, Mallow, Co. Cork
The Land Development Agency in partnership with Cork County Council and the O’Flynn Group are delighted to present this attractive collection of new homes for sale at Clonmore, Mallow, Co Cork through agents Sherry Fitzgerald New Homes. The 3 & 4 bedroom A-rated homes are being offered to qualifying buyers under the 'Local Authority Affordable Purchase Scheme'. Through the Local Authority Affordable Purchase Scheme, eligible buyers are able to bridge the gap between the market price of the home and the amount of personal funds, Help to Buy (HTB) and mortgage funding available to them thus enabling them to own a newly built, A-rated home.
Set in the Blackwater Valley at the ‘Crossroads of Munster’, the development is in a great location within walking distance of Mallow town centre and close to Cork city. Located adjacent to a mature residential area, Clonmore presents an exciting new homes development, offering A rated homes and the best in modern living.
For more information on the application process see:
https://www.corkcoco.ie/en/resident/housing/affordable-housing/affordable-housing-at-clonmore-ballyviniter-mallow-co-cork
Am I eligible?
To be eligible for the First Homes Scheme (FHS) you must:
- be over 18 years of age
- be a first-time buyer or an eligible homebuyer (see below)
- have a Mortgage Approval from a Participating Lender
- borrow the maximum mortgage amount available to you from a Participating Lender (up to 4 x your income)
- You cannot avail of a Macro Prudential Exception (MPE) from your Participating Lender i.e., borrow more than 4 x your income
- agree to a minimum equity share of 2.5% of the property purchase price, or €10,000, whichever is higher
- have a minimum deposit of 10% of the property purchase price
- purchase a property intended as your Principal Private Residence
- purchase a qualifying house or apartment in a private development in the Republic of Ireland
- purchase a property within the property price ceilings based on local authority area
You may also be an eligible homebuyer if you have previously purchased or built a property in the Republic of Ireland:
- with a spouse, civil partner, or partner, and that relationship has ended. You must not retain a beneficial interest in the previous property, or
- you have sold (or divested of) that property as part of a personal insolvency or bankruptcy arrangement, or other legal process as a consequence of insolvency
An eligibility calculator is available on the First Homes website which will assist prospective Purchasers in determining whether they are eligible for the FHS, and it can advise them of the maximum funding that may be available to them from the FHS in the form of an equity share.
Further Information
Prospective purchasers who are interested in acquiring a new home in Clonmore, Mallow should visit the Clonmore website www.clonmore.ie or contact Sherry Fitzgerald New Homes 021 4270099 or Sherry Fitzgerald O’Donovan 022 42651.
The portal for applications through the Cork County Council online portal from 12 noon on Monday 24th June 2024
https://affordablehousing.corkcoco.ie/clonmore