Buying your first home is a big step, and there are Government supports available that may help make your move to Chapel Park more achievable.
Depending on your circumstances and the home you choose, you may be eligible for the Help to Buy Incentive (HTB), the First Home Scheme (FHS), or a combination of both.
The Help to Buy Incentive is a Government scheme designed to help first-time buyers with the deposit needed to purchase a newly built home.
If you qualify, you may be able to claim a refund of Income Tax and DIRT paid over the previous four tax years, up to a maximum of €30,000, subject to the terms and conditions of the scheme.
The property must be purchased as your home.
All homes currently available at Chapel Park qualify for the Help to Buy Incentive.
For eligible first-time buyers, this could provide up to €30,000 towards your deposit, helping to reduce the amount of savings you need to provide yourself.
The First Home Scheme is a Government-supported shared equity scheme designed to help eligible homebuyers bridge the gap between their deposit and mortgage and the price of their new home.
If you qualify and choose to use the scheme, the Government and participating mortgage lenders can provide shared equity support towards the purchase of your home. In return, the First Home Scheme takes an equivalent percentage equity share in the property.
Under the scheme, support of up to 30% of the market value of a new home may be available, subject to eligibility and scheme criteria.
For qualifying purchasers, the First Home Scheme can help bridge the gap between the mortgage available to you, your deposit and the purchase price of your new home.
Homes priced at €400,000 in Chapel Park are currently applicable for the First Home Scheme.
There are no service charges from year 1 to year 5 under the scheme.
Eligibility criteria, property price ceilings, lending requirements, terms and conditions apply.
This example shows how a qualifying purchaser could potentially combine a mortgage, Help to Buy and the First Home Scheme to purchase a 3 bedroom home at Chapel Park.
3 BEDROOM HOME
Based on a purchase price of €400,000
Your €400,000 Purchase
€280,000
€30,000
€10,000
€80,000
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Explore our range of contemporary 3 and 4 bedroom homes and register your interest to receive the latest information on availability, pricing and next steps.
Register Your InterestThis example is for illustrative purposes only and is based on a purchase price of €400,000 for a 3 bedroom home at Chapel Park. The indicative monthly mortgage payment of €1,196 is subject to lender approval, applicable interest rates and mortgage term. Eligibility criteria, property price ceilings, lending requirements and the terms and conditions of the Help to Buy Incentive and First Home Scheme apply. Purchasers should obtain independent financial advice and refer to the official scheme websites for full details.
