Budget 2021 Update
Updated 14th October 2020: The 2021 Budget has seen the extension of the Help-To-Buy Scheme, including the increase to 10% (up to €30,000), until the end of 2021.
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% (to a maximum of €30,000) of the purchase value of your new home. The property value must be €500,000 or less.
No deposit required?
Until the end of 2021, 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.