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Government plan may help older people downsize amid housing crisis

Apr 20, 2025 08:05
By Shannonside News
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Government plan may help older people downsize amid housing crisis

Banks and credit unions may be asked to ease their rules for people who don't qualify for a mortgage, but want to move to a smaller home while their old house is sold.

Elder home-owners could be helped to downsize in a bid to beat the housing crisis.

Banks and credit unions may be asked to ease their rules for people who don't qualify for a mortgage, but want to move to a smaller home while their old house is sold.

Planning rules for 'granny flats' may also be relaxed, as the Government moves to free up housing stock.

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However, in an interview for the Sunday Independent, Minister for Older People, Kieran O'Donnell, says any downsizing moves would be 'entirely voluntary'.

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