Help To Buy

Help-To-Buy Scheme (HTB)

The Help to Buy scheme is a government incentive for first-time buyers. It will help you with the deposit you need to purchase a new house or apartment. You must purchase the property to live in as your home.

Where you meet the required conditions, you will receive a refund of:

• Irish Income Tax
• Deposit Interest Retention Tax (DIRT) you paid in Ireland.

The refund will be from the four tax years prior to when you make your application. This is an incentive for first-time buyers and will help you with the deposit you need to purchase a new-build worth up to the sum of €500,000. The funds will go towards your deposit, up to a maximum of €30,000, 10% of the purchase price of the home or the amount of income tax you have paid in the four years prior to your application.

Am I eligible?

• You must be over 18 years old
• You should be a first time buyer intending to live in the property for at least 5 years
• Be a PAYE taxpayer
• Borrowing at least 70% of the value of the home
• Buying before the 31st December 2024

The 3 steps to the process are:

1. The application stage
2. The claim stage
3. The verification stage

Find out more at Revenue.ie or contact us at 01 6288400

First Home Scheme

First Home Scheme (FHS)

The Government of Ireland (Department of Housing, Local Government and Heritage), in partnership with Participating Lenders, have introduced a Shared Equity Scheme to help bridge the gap between your deposit and mortgage, and the price of your new home.

If you qualify for the FHS and avail of it, the Government and Participating Mortgage Lenders will provide up to 30% of the market value of a new home, in return for the same percentage share in equity in the property.

You can get up to 30% of the market value of your new property with the FHS. This is reduced to 20% if you are also availing of the Help to Buy Scheme. The minimum you can get is 2.5% of the property purchase price, or €10,000, whichever is higher.

Property price ceilings apply per local authority area: https://www.firsthomescheme.ie/about-the-scheme/property-price-ceilings/

The equity share is tied to the property value as a percentage, so the equity will change with the value of your home.

There is no service charge for the first five years, and participating homeowners can buy back the stake at any point. Service charges are fixed for the life of the facility, beginning at 1.5% from years 6 to 15.

Am I eligible?

• You must be over 18 years old
• You must be buying a new apartment or house
• You should be a first time buyer or other qualified buyer
• Have mortgage approval with a participating lender
• Have a minimum deposit of 10% saved
• Borrow the maximum mortgage amount available to you (up to x4 your income)

Find out more at firsthomescheme.ie or contact us at 01 6288400.