First Home Scheme

OptiPlus · 07-07-2022 10:23pm #1

Like the rest of these schemes it requires the house to be newly built.

This dramatically reduces the number of houses available to us in Dublin.

I understand the logic in increasing the housing supply but there is only so much in Dublin within a reasonable commuting distance using public transport so the people making the policy don't seem to consider this at all.

We need a house for a young family, not an apartment.

gandalfio · 08-07-2022 9:00pm

Anyone had their application approved for this?

Taylor365 · 09-07-2022 12:07pm

https://www.boards.ie/discussion/2058253558/first-home-scheme

Its a great scheme if you can already afford a house in the region of 500-850k.

PSFarrell · 09-07-2022 1:33pm

Is it not capped at 450k in Dublin and only new builds? Not alot of houses will fall under this in the capital.

Kurooi · 09-07-2022 3:42pm

I'm convinced by now that every housing measure is aimed at jacking up developers profits. With taxpayer money of course.

Mimonew · 07-09-2022 9:01pm

https://www.boards.ie/discussion/comment/119313278#Comment_119313278

That's my understanding of it. Almost only far north-dublin houses are in this cap.

Viva La Gloria · 09-09-2022 12:33pm

https://www.boards.ie/discussion/comment/119310853#Comment_119310853

I have, but also still waiting for mortgage loan offer so it feels a bit in limbo. But I received my eligibility certificate.

The one thing I didn't realise with the FH scheme until I was going through the process was that you can't apply for it until you have a property reserved. Putting down just the name of the development won't suffice so if you're buying a house that hasn't been built yet, just make sure that you've paid a booking deposit for one at least.

Viva La Gloria · 09-09-2022 12:36pm

https://www.boards.ie/discussion/comment/119313278#Comment_119313278

Yeah it's €450K or €500K for apartments 😕

Luckily it's just me and my 2 year old Son so an apartment in Wicklow will do us fine. I really would love to buy a house but it's just not feasible if it has to be a new build. Very frustrating that this isn't available for second hand houses.

schnaz87 · 04-11-2022 2:48pm

https://www.boards.ie/discussion/comment/119594961#Comment_119594961

From the day you applied, how long did it take to receive the eligibility certificate? Just wondering how fast I can turn the mortgage application around.

Viva La Gloria · 05-11-2022 12:02am

https://www.boards.ie/discussion/comment/119832815#Comment_119832815

It was about 4 weeks, but that was because I didn't have the exact number of the property yet so had to wait until I found the right place, paid the booking deposit and then had the application finalised. Otherwise it seemed quite efficient. The person I was assigned to communicate with me was very quick to respond to questions too, which was helpful!

First Home Scheme

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