The expanded help-to-buy scheme for first-time property buyers has opened for applications.  

Applicants can now claim back up to 10% of the property’s value, €30,000 or the total amount of income tax or DIRT they’ve paid in the past four years, whichever is lesser.

However, first-time buyers who have signed a contract to purchase a new home, or who have drawn down the first tranche of their mortgage in the case of a self-build, prior to July 23 will not be eligible for the scheme, although they can still avail of the original HTB scheme.

The enhanced scheme is available to applicants on new or self-built properties who have or will sign contracts or draw down the first tranche of their mortgage between July 23 and December 31, 2020.

Read full article: Extra.ie