Finance scheme for first-time buyers

A €500 million housing finance scheme for first-time buyers, introduced in the budget in October, comes into effect on Thursday.

27th December, 2008

A €500 million housing finance scheme for first-time buyers, introduced in the budget in October, comes into effect on Thursday.

The government-backed Home Choice Loan will provide up to €285,000 to first-time buyers earning more than €40,000 a year who have been unable to obtain sufficient finance from banks and building societies. Applicants must have been either in full-time employment or self-employment for two years.

Potential buyers can borrow up to 92 per cent of...

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