As a first-time homebuyer, you could be eligible for 5% of the purchase value of your new home (to a maximum of €20,000). The Help-to-Buy incentive allows you to claim a refund of income tax and DIRT you have paid over the last four years.
Conor and Sarah want to buy a new 3-bed semi-detached home for €250,000. According to the Central Bank guidelines, they will need a 10% deposit (€25,000) to buy their home. Under the Help-to-Buy incentive, they can claim back a tax rebate of €12,500 (5% of the value of the home). Now they only need to save a €12,500 deposit themselves, and add it to their rebate, giving them a full deposit of €25,000 to put down.
Note: They will need to live in house for the next five years from the date the house is habitable or they may have to repay some or all of the tax rebate.
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.