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Affordable Purchase Scheme Guide

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The Local Authority Affordable Purchase Scheme helps eligible buyers purchase a newly built home at a reduced price. 

If you qualify for the scheme, the local authority will provide between 5% to 40% of the cost of your new home, in return for the same percentage of equity share in the property. You must repay the local authority’s stake after 40 years or if you decide to sell your home, but you can always pay it back any time before this.

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The Local Authority Affordable Purchase Scheme

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The Local Authority will advertise any upcoming developments on their website. You will need to gather a few documents such as your approval in principal, recent payslips, a salary certificate and proof of funds. Once you have all the necessary documents, you will be able to upload them as part of your application.


How Do I Apply?

Once you have all your documents together, applying online is straightforward. Here's a few tips to get one step closer to your new affordable home:

Mortgage lenders and mortgage brokers will be more than happy to talk you through the mortgage application process. A letter of Approval in Principle (AIP) confirms the amount you could be able to borrow for your new home; you will need this to apply for the Affordable Purchase Scheme, so make sure you factor this in.

Mortgage Approval

Getting that initial deposit together might be easier than you think with the Help to Buy Scheme, which can help you get up to €30,000 towards your deposit. The Help to Buy Scheme can be used in conjunction with the Local Authority Affordable Purchase Scheme, making homeownership even more affordable.

Help To Buy Scheme

If you are a PAYE employee, you will need a salary certificate from your employer, as well an Employment Detail Summary that you can download from the Revenue. If you're self-employed, you will need audited accounts for the past 2 years, as well as a current tax payment receipt and tax balancing statement.

Income Details

Create your own checklist of all the documents you need to apply for the Affordable Purchase Scheme and tick them off the list as you go along. Once you have everything, your online application should be fairly quick. 

Your Own Checklist

Tips for Applying

A helping hand to buy your first home!

Quick Guide to Schemes

Affordable Purchase Homes

Balmoston

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A-rated home: insulation in floors & walls, double-glazing. Contemporary kitchen with soft close doors. Stylish living area. Fully painted interiors & bespoke joinery. French doors opening onto a seeded garden. 

2 Bed Mid Terrace

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Energy Efficiency

Kitchen

Bathroom & Ensuite

Internal Finishes

Garden

Wardrobes

Built to a Standard You Can Trust

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This development qualifies for The Local Authority Affordable Purchase Scheme

If you qualify for the scheme, the local authority may provide between 5% and 40% of the cost of your home, in return for the same percentage of equity. The specific percentage equity provided is determined by each individual local authority. You must repay the local authority’s stake after 40 years or if you decide to sell your home, but you can always pay it back any time before this.

The Help To Buy scheme is a tax rebate provided by the Irish government which helps first-time buyers overcome the hurdle of getting their deposit together. The scheme can be used in conjunction with the Local Authority Affordable Purchase Scheme.

The scheme will help you with the deposit you need to purchase a newly built house or apartment worth up to €500,000. The funds will go towards your deposit, up to a maximum of €30,000 (or 10% of the property price, whichever is less).

The Help To Buy Scheme

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Glenveagh is pleased to introduce Balmoston, a striking new collection of beautifully designed family homes in Donabate. Balmoston perfectly combines modern, stylish living with a wide range of excellent amenities and all the convenient transport links of northeast county Dublin, in a welcoming, well-established community.

About Balmoston

The Maple

3 Bed Mid Terrace

The Help to Buy Scheme

The Holly

3 Bed End Terrace

Glenveagh is pleased to introduce A-rated, beautifully designed, family homes in Balmoston, Donabate. Balmoston perfectly combines modern, stylish living with a wide range of excellent amenities and all the convenient transport links of northeast county Dublin, in a welcoGlenveagh is pleased to introduce Balmoston, a striking new collection of beautifully designed family homes in Donabate. Balmoston perfectly combines modern, stylish living with a wide range of excellent amenities and all the convenient transport links of northeast county Dublin, in a welcoming, well-established community.ming, well-established community.

The Juniper

The Cedar

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Oldbridge Manor

Balmoston sits just a short distance from Donabate beach in Dublin. A collection of newly built, A-rated homes, beautifully designed and constructed for contemporary living, Balmoston is a great place to put down roots. Comprising a range of one to five bedroom homes, it’s a fantastic location for families of all shapes and sizes.

Donabate is a small seaside town with blue flag beaches, scenic coastal walks and a nature reserve on its doorstep. It’s also home to Newbridge House and Farm which sits on more than 370 acres of parklands with playgrounds, gardens, a museum and café.

Easily accessible from the city and beyond, by train and bus, Donabate is also only a few minutes away from the motorway network.

Donabate has great local schools, sports, amenities, cafés and restaurants and there's a new recreational hub planned for the area; all within easy reach of Balmoston. 

From great design and location to easy transport links and lots to do nearby, Balmoston is a perfect place to call home.

Beautifully Crafted Homes

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Site Map

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Donabate train station is on Dublin rail commuter lines. Get into the city in less than 30 minutes by rail. The area is also served by Dublin Bus with a number of bus routes. The M50 and M1 motorways are also just a few minutes away.

Everything is Within Your Reach

The Local Authority Affordable Purchase Scheme helps eligible buyers purchase a newly built home. 

If you qualify for the scheme, the local authority will provide between 5% to 40% of the cost of your new home, in return for the same percentage of equity share in the property. You must repay the local authority’s stake after 40 years or if you decide to sell your home, but you can always pay it back any time before this.



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All On Your Doorstep

The team at Glenveagh understands that buying a home is possibly the biggest decision you will ever make in your life – but we want to make it your easiest. Put simply, our aim is to exceed your expectations in every way possible.

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