I am a First Time Buyer – What Government Schemes are Available to Assist me buy my home?

The Help to Buy Scheme is currently available to all new home owners.


This scheme helps first time purchasers who purchase a new house or apartment or draw down a mortgage on a self – build house.  This relief has been extended until the 31 December 2024. You will not qualify for this relief if you have previously bought or built a property or if you own a home abroad.  To qualify for the scheme, you must take out mortgage of at least 70% of the purchase price of the property and if you are buying a new home, it must cost €500,000.00 or less. You must live in that property for five years from the date that it is habitable. The relief you can claim is the lesser of the following

  • €30,000
  • 10% of the purchase price of a new build property,
  • 10% of the approved valuation of a self-build property.
  • The amount of income and DIRT you pay for the previous four years

Therefore, the maximum pay-out is €30,000 per qualifying property under the scheme.

If you are a PAYE worker you apply through Revenue’s online – My Account Service under the Section named Help to Buy Scheme.  If you are a self-assessed tax payer you apply through ROS. Once your application is approved you will receive a claim number from ROS or My Account and then the contractor and your solicitor will then verify the next stage in your application.  If you are buying a new home the money is paid directly to the builder but if you build your own property the refund is paid into your bank account which you hold with your loan provider.


If you have any questions our specialized Conveyancing/ Buying and Selling Property team is here to help.

 You can contact Mc Cormack Solicitors on


Phone: 071 9621846




The contents of these pages are provided as an information guide only. While every effort is made in preparing material for publication no responsibility is accepted by or on behalf of McCormack Solicitors for any errors, omissions or misleading statements on these pages or any site to which these pages connect.

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