First-time buyers navigating the property market post-COVID can avail of several changes to support schemes have been introduced. Here’s what you need to know:
Help to Buy Scheme: It’s a refund of income and DIRT tax for the last four years. The maximum amount that can be claimed has increased by a whopping 50% to €30,000 or 10% of the price of the house.
Rebuilding Ireland Home Loan: Aimed at sub-prime mortgage borrowers. Capped at €320,000 in urban areas (& commuter belt) and €250,000 elsewhere. You get a 90% mortgage at a fixed interest rate of 2.78% APR over 25 years, or 3.04% over 30 years.
Shortcuts: What rates are on offer if you are a first-time buyer: A comparison of rates, fixed length periods & offers available.
Read full article: Independent.ie