Mortgages: a guide for first time buyers

AIB, HAVEN, EBS, BOI or PTSB.

You must have a minimum 10% deposit based on the Purchase Price

You can claim BOTH First Home Scheme & Help to Buy on a New-Build Purchase only e property you are buying must be a newly built house or apartment in a private development in the Republic of Ireland. You can’t use this scheme towards your own Self-Build Mortgage. e property must be your main primary dwelling – it can’t be used to acquire property that will be rented out. e FHS can fund up to 30% of the market value of your new home, however, this amount is reduced if you are also availing of the Help to Buy Scheme. e property must be bought within the local authority property price ceiling for the property type (be it house or Apartment). (https://www. rsthomescheme.ie/about/propertyprice-ceilings)

If you sell your property, the equity share and all outstanding service charges must be repaid in full upon sale of the property.

When dealing with a mortgage broker we understand the complexities of these schemes and can help First Time Buyers understand what the schemes can o er and help guide them with their mortgage journey.

At New Star FM Ltd, every customer that comes to us is assigned their own qualied mortgage advisor from our Team and they will remain with their customer all the way through the mortgage process.

Given a mortgage application is such a massive nancial and emotional commitment, having continuity of care from our team is so important, especially when embarking on a Self-Build project.

New Star FM Ltd are passionate about one thing – their customers best interests. We have a fantastic team of professionals who are quali ed and experienced and who provide a