I’ve heard of the Government’s First Home Shared Equity Scheme. Where can I find out more?
The First Home Shared Equity Scheme helps people buying for the first time and people making a fresh start in their lives, to bridge the gap between what they can afford to pay for a home and its market value.
It’s a new scheme between the Government and banks, whereby you can apply for up to 30% of the value of a newly built property in a private development.
The scheme takes a % share, to make it a shared equity owned property, through combination of a traditional mortgage and equity. For more information on the First Home Shared Equity Scheme please visit www.firsthomescheme.ie.