In July 2022, the Irish Government launched the First Home Scheme (FHS) to help First Time Buyers purchase newly built homes within private developments.   

So, what is the First Home Scheme?

It is what is known as a 'Shared Equity Scheme' to help you bridge the gap between your deposit and mortgage, and the price of your new home. The scheme provides homebuyers with what is known as an equity facility. This means that homebuyers will enter into a contract with the FHS and receive funds in return for the FHS taking a percentage ownership in the property purchased. The percentage ownership that the FHS holds in your home is known as an equity share.