Redemptions

At any time between purchasing the property and selling the property, the purchaser can make a “redemption payment” to reduce the local authority’s equity share in the home. The redemption payment can pay off the entire equity share or a portion of it. The minimum amount of a redemption payment is €10,000 (regulation 7 of S.I. 21/2023) unless the remaining equity share is less than €10,000.  

Please review the Redemption Payment Process document available below. Use this in conjunction with our Equity Share Calculator Tool and when you are ready to start the redemption process, submit your redemption details via the Redemption Request Form.