The Complete Guide to The Help to Buy Scheme

Sherry FitzGerald Mortgages

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As part of our series of guides on Financial Services topics for first-time buyers, here you’ll find our complete guide to the Irish government’s Help-to-Buy scheme, a tax refund initiative worth up to €30,000 to home buyers in Ireland.

Our guide will help you to

Access if you qualify
Assess whether your possible new home fits the criteria

We’ll also detail the application process and provide you with simple step-by-step instructions that will help you register for, and ultimately secure your tax refund.

At Sherry FitzGerald Mortgages, we’re with you every step of the way, from getting mortgage-ready to the mortgage process. Review our guide and if you have any queries, please do not hesitate to get in touch.

Please note, current government policy states that the Help-to-Buy scheme has been enhanced until the end December 2022. Please find a link to the Citizen’s Information here

Mortgage Calculator

First time buyer Yes No

New home Yes No

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This calculator is for illustrative and guidance purposes only.

The amount you can borrow will depend on your individual circumstances and is subject to lending criteria, terms and conditions.

The limits applied can vary so it is important to contact us to discuss your options.

*Exceptions above 3.5 times income are potentially an option subject to availability and lending criteria.

For full terms, please click here.

Above illustration based on 3 year fixed rate of 2.35% (APRC 3%)

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Illustrations are based on a 3 Year Fixed rate of 2.35% (APRC 3%) This rate will revert to the standard variable rate which is currently 3.15% (APRC 3.2%) after 3 years.
Maximum Loan to Value (LTV) 90%
Central Bank deposit rules require a minimum deposit of 10% for First Time Buyers & a minimum deposit of 20% for second and subsequent buyers (not applicable for Switcher mortgages)
New customer business only
With the Help to Buy Scheme for First Time Buyers of new houses, a tax rebate of up to 10% (subject to an upper limit of €30,000) of the purchase price is potentially available on properties costing €500,000 or less. (Revenue Terms & Conditions apply)
First Time Buyers of second-hand houses will need to fund the 10% deposit themselves
Rates correct as at 31.05.2022

WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR LOAN, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE.

WARNING: IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME.

WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED RATE LOAN EARLY.

WARNING: THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE.

Mortgage Insight DAC t/a Sherry Fitzgerald Financial Services, Sherry FitzGerald Mortgages is regulated by the Central Bank of Ireland.

Download our guide to the Help-to-Buy incentive right here. Find out if you qualify for the scheme, see how much you are entitled to and assess whether your possible new home fits the criteria.

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