Help To Buy Scheme Ireland | Beakonshaw

HELP TO BUY

If you’re a first time buyer and you’ve found the home you love by Beakonshaw, then make sure you look into the government Help to Buy scheme. It could provide a big top-up on the deposit you’ve saved, helping you get onto the home ownership ladder sooner.

APPLY FOR UP TO €30,000

When you’re still renting it can be hard to put money aside for a deposit. You have some saved but not the full amount you need. The good news is, with the current Help to Buy scheme, you can apply to receive up to €30,000 or 10% of the value of the home you want to buy, whichever figure is lower. That would top-up your deposit nicely.

CALCULATING HOW MUCH YOU CAN RECEIVE

The funds received through the Help to Buy scheme are a rebate – or refund – on income tax and Deposit Interest Retention Tax (DIRT) you’ve paid over the previous four years. The level you’re entitled to is calculated based on the amount you’ve contributed in that time period.

FULL ELIGIBILITY CRITERIA

Before you apply, make sure you can tick all the following eligibility boxes:

 

  • You are a first time buyer of a newly built house or apartment
  • You will be an owner-occupier
    (Help to Buy isn’t available for buy-to-let properties)
  • You are borrowing at least 70% of the value of the property
  • The value of the property you want to buy is no higher than €500,000

 

Ready to apply? Visit the Revenue website to find out about the six step application process.

Make sure you also read about the First Home Scheme which can be used in conjunction with Help to Buy.