As a non-First Time Buyer, you may still be eligible to use the First Home Scheme. Please click here to check if you are eligible, or contact our Financial Service team for further advice.
The First Home Scheme is a government affordable housing scheme based on the equity share model. The scheme can be used to finance up to 30% of your purchase of a newly built property. There are property price ceilings set across Ireland, by local authority area.
Home buyers will receive funds from a participating bank in return for the First Home Scheme taking a percentage ownership in the property purchased. This is known as an equity share. There is no charge for the first 5 years.
For more information on the Shared Equity Scheme, please visit here. If you are using the FHS, you must have senior mortgage approval with the Participating Mortgage Lenders at the maximum 4 x Loan to Income (LTI)
Each region across Ireland will have a Shared Equity Scheme price cap applied. By entering your local County Council we are able to help calculate your estimated results for your region. For more on the regional price caps, please visit help.
If you are a first time buyer who has paid income tax or Dirt Tax in Ireland in the past 4 years you can apply to claim back up to €30,000 of the purchase price of a new home, with the Help to Buy Scheme How to apply and details of revenue eligibility requirements.This calculator will show the maximum rebate obtainable as an indication. If you use the Help to Buy Scheme the maximum First Home Scheme share available is reduced to 20% of the purchase price.
A booking deposit will be required to reserve a new home. This will usually be €5,000 – €7,000. The Help to Buy Scheme allowance can be up to €30,000. Each applicant will be advised of their own allowance.
