The Affordable Purchase Scheme - A simple step-by-step guide
Step 1: Check available homes
Visit www.affordablehomes.ie to see current Affordable Housing developments. Each listing shows the location, price, eligibility criteria and application dates. Developments on offer with Sherry FitzGerlad New Homes can be found here.
Step 2: Check if you’re eligible
Before applying, make sure you:
- Are a first-time buyer (or eligible ‘Fresh Start’ applicant)
- Meet the income and mortgage limits
- Have (or can get) mortgage approval in principle
- Can provide a minimum 10% deposit.
Step 3: Prepare your documents
You will typically need:
- Mortgage approval in principle
- Proof of income and savings
- Photo ID
- Proof of residency status.
Step 4: Apply online
Applications are submitted online through www.affordablehomes.ie during the advertised application window. Applications cannot be accepted after the closing date.
Step 5: Allocation of homes
If demand exceeds supply, applications will be prioritised based on the local authorties Scheme of Priority.
Step 6: Sale agreed and purchase
If successful:
- You proceed with contracts
- The local authority retains an equity share equal to the discount
- You move forward like a standard new-build purchase.
In conclusion
Preparation is everything. Having your mortgage approval and documents ready before a scheme opens gives you the best chance of success.
Visit our Affordable Purchase Scheme FAQs here.
