S.L. 328.2 ст. 11Houses built and ready for habitation before 1st January, 1939.

(1) An applicant whose application refers to the purchase of a dwelling-house which was built and ready for habitation before the 1st January, 1939 shall, if the application is approved, be entitled to an additional soft loan up to a maximum of six thousand and nine hundred and eighty-eight euros and twelve cents (€6,988.12) the interests on which shall be subsidised by the Director so that the interests payable by the applicant thereon shall be at the rate of 1.5% provided that the total amount of the loans granted shall not exceed 80% of the purchase price of the dwelling-house.

(2) The soft loan mentioned in sub-clause (1) may be availed of before the loan mentioned in clause 10 but the said soft loan shall not be allowed where the value of the dwelling-house as determined by the Director exceeds thirty-four thousand and nine hundred and forty euros and sixty cents (€34,940.60).

(3) Where the value of the dwelling-house determined as aforesaid exceeds thirty-four thousand and nine hundred and forty euros and sixty cents (€34,940.60) the applicant may benefit from the soft loan provided for in clause 12.

(4) An applicant under this clause may also apply for a further loan not exceeding four thousand and six hundred and fifty-eight euros and seventy-five cents (€4,658.75), at the subsidised rate of interest mentioned in clause 10 for the purpose of carrying out improvements in the purchased dwelling-house.

(5) Notwithstanding the provisions of clause 3(5), a person who benefits, or qualifies to benefit, under this clause shall not be disqualified for that reason alone from benefiting, after the coming into force of these regulations, under the scheme published by Government Notice 124 in the Government Gazette of the 16th February, 1988 or under any other scheme substituting it.