The scheme aims to help people secure a home by providing part of the purchase price in return for a minority equity stake.
A €400 million scheme to help first-time buyers afford newly built homes has opened for applications.
The 'First Home' shared equity scheme is a cornerstone of the government’s Housing for All plan.
It aims to help people secure a home by providing part of the purchase price of the dwelling in return for a minority equity stake.
The maximum stake the scheme will take is 20%, if the buyer is also availing of the Government’s separate Help to Buy scheme, and 30% if Help to Buy is not used.
The equity stake is free for the first five years followed by a cheap interest rate thereafter.
The scheme is open to first-time buyers of newly built houses and apartments in private developments anywhere in Ireland, and is currently only open to customers of AIB, Bank of Ireland and Permanent TSB.
It's planned that the scheme will facilitate the purchase of up to 8,000 homes over a five-year period.
The Death Toll In Gaza Has Reached 52 Thousand According To Hamas-Run Health Ministry
Hospital Consultants Are Raising Concern As Plans To Roster Them Over Weekends Ramp-Up
A Miniature Dachshund Has Been Rescued After Surviving 529 Days In The Wild Australia Bush
Police In Vancouver Continue To Deal With Mass Casualty Incident That Occured At A Filipino Street Festival Last Night
A Mass In St Peter's Square This Morning Has Marked The Start Of Nine Days Of Mourning For Pope Francis
A Man Has Been Convicted Of The Murder Of Shane Knott At A Home In Eustace Demesne In Naas Last Year
Two People, Including An 18-Year-Old Girl And A Woman In Her 50s, Have Died In Separate Collisions
Heartbreak For Irish Craft As Silversmith's "Lifetime" Of Work Stolen From His Studio
