First Home Scheme – Supporting Home Ownership

Under the First Home Scheme (FHS), the Government, in partnership with participating lenders, has introduced a shared equity scheme to help buyers bridge the gap between their deposit and mortgage, and the price of their new home.

The FHS can fund up to 30% of the market value of a new property. This amount is reduced to 20% if the applicant(s) are availing of the Help to Buy Scheme (HTB).

The minimum equity share is 2.5% of the property purchase price, or €10,000, whichever is higher.

Under the “game-changer” First Home Scheme, a typical couple paying up to €2000 rent per month could expect to pay a mortgage of between €1100 and €1200, depending on the mortgage. Oates Breheny is a approved broker for all participating lenders. Find out more or Apply For a Quote