The FHS was launched on the 7th July 2022 as part of the “Housing for all Strategy” announced by the Government and was developed in partnership with the State, PTSB, AIB, and Bank of Ireland. The aim of the Scheme is to bridge the funding gap for eligible first time buyers between their deposit and mortgage, and the price of the new home (within price ceilings established across the country).
The FHS have now confirmed that the Tenant Home Purchase Scheme is available to eligible tenants who have received a notice of Termination and are looking to purchase the home they are currently renting. As a result the FHS is now available to eligible first time buyers looking to buy an existing property they are currently renting.
Important Info:
For further information on the First Home Scheme please contact us -
The Help to Buy (HTB) scheme is an incentive for first-time property purchasers. It will help you with the deposit you need to purchase or self-build a new house or apartment. You must purchase or self-build the property to live in as your home.
With the enhanced HTB scheme, applicants who satisfy certain conditions can claim an increased relief up to a maximum of €30,000. The enhanced HTB scheme is applicable from 23 July 2020 to 31 December 2024. The original HTB scheme applies from 1 January 2017 to 22 July 2020.
Michael Cassidy Financial Services is regulated by the Central Bank of Ireland