How to Finance a Modular Home in Ireland: A Practical Guide

Financing a Modular Home in Ireland

New Chapter Homes does not provide lending. Project pricing and payment terms are set out in the written quotation. Customers should speak directly with a lender or independent financial adviser about finance.

That said, understanding the finance landscape helps you plan. This guide covers the main routes Irish buyers use to fund a modular home — from traditional mortgages to government grants and stage-payment schedules.

Option 1: Traditional Bank Finance

Many buyers fund a modular home through a traditional mortgage from a bank or building society. Modular homes classified as permanent dwellings may qualify for the same mortgage products as traditional builds, subject to individual lender criteria.

• Process — typically 4–8 weeks for approval, with full income documentation.
• Deposit — usually 10–20%, though first-time buyers may benefit from the Help-to-Buy grant.
• Interest rates — mortgage rates are generally lower than unsecured finance rates.
• Terms — up to 35 years, spreading the cost.

Confirm with your own lender what documentation and certification they require. We provide a fixed-price, itemised quote and a full certification pack (BCAR, BER, structural engineering) that lenders accept.

Option 2: Local Authority Home Loan

The Local Authority Home Loan is a government-backed loan for first-time buyers and fresh-start applicants who may not qualify for traditional bank lending:

• Available to first-time buyers and "fresh start" applicants.
• Lower income thresholds than bank loans.
• Fixed interest rates.
• Eligibility depends on your circumstances — check the gov.ie guidelines.

Option 3: Help-to-Buy Grant

First-time buyers of new build homes (including our Chapter One) can claim:

• Up to €30,000 (or 10% of the purchase price, whichever is lower).
• Available on homes costing up to €500,000.
• Must be your primary residence for 5 years.

This grant can cover your deposit, making ownership possible with minimal upfront cash. Eligibility depends on your circumstances — check the gov.ie guidelines and speak to a financial advisor.

Option 4: Home Improvement Loan (for Garden Rooms & Extensions)

If you're adding a garden room, pod, or granny flat to your existing home rather than building a new dwelling:

• Credit Union loans — flexible terms, local decision-making.
• Bank home improvement loans — secured against your existing equity.

These are typically shorter-term loans for smaller amounts, suitable for garden rooms and pods.

Stage-Payment Schedules

Because our homes are largely built off-site, the build is funded against clear milestones — foundation, manufacture, delivery, install, finish. We agree a stage-payment schedule upfront so there are no surprises. This is not a finance product — it's a payment structure set out in your written quotation.

What You'll Need for a Finance Application

Whichever route you choose, have these ready:

1. Proof of income — payslips (3 months) or 2 years of accounts if self-employed.
2. Bank statements — 6 months.
3. ID and proof of address.
4. Deposit confirmation.
5. Your New Chapter Homes quote — we provide a fixed-price, itemised quote that lenders accept.

How We Help

We don't provide lending, but we help you through the process:

• A fixed-price quote accepted by major lenders.
• A full certification pack — BCAR, BER, structural engineering.
• Help-to-Buy guidance if you're a first-time buyer.

Contact us for a free, no-obligation consultation. We'll walk you through the pricing, the grants, and the timeline — and help you take the first step toward your own front door.