The “Help to Buy Scheme’ Explained

If you or anyone you know is a first-time buyer who is looking to get on the property ladder they should be aware that there was a very important announcement in the July stimulus package announced by the Government which increased the amount of relief that first-time buyers may obtain on purchasing or self-building a newly constructed dwellinghouse under the Help to Buy Scheme.

In summary, under the July Jobs Stimulus package, the maximum relief available on the Help to Buy Scheme has been temporarily increased from €20,000 or 5% of the property value to €30,000 or 10% of the property value between now and 31 December 2020.

This is a very valuable relief for first-time buyers or builders and is only available for a limited period.

I’ve just given you a very rough outline of it above, but there’s a lot more too it and it’s something we’re getting a ton of questions on.

So, if this is something of interest to you or someone you know, I’ve some great news for you:-

Our conveyancing and probate specialist solicitor Cliodhna O’Regan and Catherine Tobin on our team have just completed our first Facebook Live on this important topic yesterday evening. It’s an excellent and really innovative initiative by these two mighty women which will be extremely beneficial for anyone who has an interest in this area.

The link to the replay of the Facebook Live Q and A on the Enhanced Help to Buy Scheme is here.

I hope you find it useful and if you know of anyone else who might be interested, please forward the link in this email to them to be able to view it themselves.

Of course if you or anyone you know has any queries in this area, please just get in touch with our team by calling 023 8880088 or just hit reply and we will connect you with Cliodhna who will be able to go through any specific queries you may have directly.

*In contentious business, a solicitor may not calculate fees or other charges as a percentage or proportion of any award or settlement.

Flor McCarthy is one of Ireland’s leading lawyers, certified by the Law Society of Ireland in Data Protection Practice. Flor has extensive expertise and hands-on practical experience in privacy, data protection and GDPR issues for marketers. He was chosen as Munster Solicitor of the Year at the Irish Law Awards in 2018.