22 July 2022

The Shared Equity Scheme: Here’s what you need to know

The First Home Schemehelps 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.