The First Home Scheme helps first-time buyers and other eligible homebuyers with up to 30% of the cost of their newly built home in a private development anywhere in the Republic of Ireland.
So what are the key points?
- The Government and Participating Lenders will provide up to 30% of the market value of a new home in return for FHS taking that equity share in the property purchased.
- If you avail of the Help-to-Buy scheme the FHS can provide up to 20% of the value of the property.
- The minimum equity share is 2.5% of the property purchase price or €10,000, whichever is higher.