'Gamechanger' - First Home Scheme can make homeownership a reality for first-time buyers in Carlow

Fianna Fáil TD for Carlow, Jennifer Murnane O'Connor has said the First Home Scheme can be a gamechanger for first-time buyers.  

The Fianna Faìil TD said:

“The First Home Scheme has the potential to be a real gamechanger for those attempting to get on the property ladder.  

“First Home is a Government-backed shared equity scheme which will see the state provide part of the price of a new home alongside the buyer's mortgage and deposit.  

“This can bridge the gap between the price of a home and the current maximum a person or couple can rent depending on their income.  

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“The Help to Buy Scheme (HTB) can also be used alongside this scheme and could provide 20% of the price of the property going towards the buyer's deposit.  

“The maximum stake the state can take as equity under the First Home Scheme is 30% without the HTB, and 20% if the HTB is being used.  

“The scheme is available to first-time buyers and also gives fresh start exceptions to those who may have previously purchased a property if they have separated or experienced insolvency.  

“Government are working under the Housing For All plan to make homeownership a reality for everyone and this scheme is proof of momentum building behind the Housing For All programme.”