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Another Scheme To Help First Time Buyers To Get New-Builds Launched

A new housing scheme that aims to bridge the affordability gap for first-time buyers has opened. Hou...


Another Scheme To Help First T...

News

Another Scheme To Help First Time Buyers To Get New-Builds Launched


A new housing scheme that aims to bridge the affordability gap for first-time buyers has opened.

Housing Minister Darragh O'Brien says it will get people out of the "rental trap" however, critics say because it is only open to new builds the potential buyers will be put on waiting lists for a home.

People who've been approved for a mortgage by AIB, Bank of Ireland and Permanent TSB will qualify for the first home scheme, announced by the government today.

 

The equity scheme will have a maximum stake of 30% if the buyer is not availing of the help-to-buy scheme, and 20% if they are.

The scheme excludes second-hand homes and self-builds and is only open for the more expensive new builds which have long waiting lists.



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Equity Scheme Housing Mortgage State

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