Tag Archives: homeownership

Affordable homeownership: Understanding the Local Authority Home Loan

The Local Authority Home Loan is available nationwide from all local authorities. The loan is a normal Capital and Interest-bearing mortgage which is repaid by direct debit on a monthly basis. You can borrow up to 90% of the market value of the property. Maximum market values of the property that can be purchased or […]

Pathway to ownership: Understanding the First Home Scheme

The First Home Scheme (FHS) aims to make homeownership achievable for thousands of individuals and families by bridging the gap for first-time buyers and other eligible homebuyers between their deposit and mortgage, and the price of their new home. It is what’s known as a shared equity scheme. This means that homebuyers can receive funds […]

Reviving spaces: The Vacant Property Refurbishment Grant explained

What is the Vacant Property Refurbishment Grant? The Vacant Property Refurbishment Grant is a payment you can get if you are turning a vacant house or building into your permanent home or a rental property. A grant of up to €50,000 is available. If the refurbishment costs exceed the standard grant of up to €50,000, […]

Unlocking homeownership: The Help to Buy scheme explained

The Help to Buy (HTB) scheme is designed to assist first-time buyers fund the deposit required to purchase or self-build a qualifying property to live in as their home. HTB provides for a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State for the previous four tax years, subject to […]

Tenant Purchase Scheme: New eligibility criteria and benefits

New eligibility criteria for the Incremental Tenant Purchase Scheme which enables tenants to purchase the local authority home they live in will take effect from 29 January 2024. The changes to the qualifying criteria of the scheme will now mean those with an annual income of €11,000 will now be eligible to apply (replacing the […]