Scheme enhanced temporarily
As part of the government’s July Jobs Stimulus package a temporary enhancement to the Help to Buy Scheme was introduced. It is expected these measures will remain in place until the end of the 2020 at which point the scheme reverts back.
The Help-to-Buy incentive allows First Time Buyers to claim a refund of income tax and DIRT that you have paid over the last four years. As a first-time homebuyer, you could now be eligible for up to 10% of the purchase value of your new home (to a maximum of €30,000).
No deposit required?
Until the end of the year, if you qualify for the Help to Buy Scheme and are purchasing a property under €300,000, the 10% rebate would cover the cost of the entire deposit. In practice, however, it is advised that to qualify for a mortgage you would still need a minimum of €5000-€10,000 in regular savings that demonstrates an ability to repay the loan.
The good news is though, that you can now spend some of those hard earned savings on kitting out your beautiful new home!
|House Price||10% Deposit||Less HTB||Savings Required||Monthly Repayments*|
Do you qualify?
If you are purchasing an Alder Home and you meet the following criteria you should be eligible for the Help to Buy scheme.
How to Apply
If you have any questions about any Alder home and the Help to Buy scheme please get in touch with our sales manager. The Help to Buy scheme, introduced in July 2016, is available until the end of 2021.