Buying Schemes
Navigating the world of purchasing a new home can be overwhelming, but with the right buying scheme, it becomes more accessible and affordable than ever.
The Help to Buy Scheme
The Help to Buy (HTB) scheme is an incentive for first-time property purchasers. It will help you with the deposit you need to purchase a new house or apartment worth up to €500,000.
Where you meet the required conditions, you’ll receive a refund of income tax & DIRT paid in Ireland. The refund will be from the four tax years prior to when you make your application.
Applicants can claim up to a maximum of €30,000 (or 10% of the property price, whichever is less).
The First Home Scheme
The First Home Scheme (FHS) is a Government supported shared equity scheme. It aims to bridge the gap for first-time buyers and eligible homebuyers between their deposit and mortgage.
The Scheme provides homebuyers with what is known as an equity facility. This means that homebuyers will enter a contract with the FHS and receive funds from the Scheme in return for the FHS taking a percentage ownership in the property purchased.
To be eligible for the scheme you must be 18 years of age or older and be a first-time buyer. Your new home must have a market value less than the price limit for your local authority area. These limits are different depending on where you buy and what type of property you purchase.