By Cillian Sherlock, PAThe First Home Scheme is to be extended to self-builders who are constructing their first home. The €400 million fund was set up to help first-time buyers bridge the gap between their mortgage, deposit and the price of a new home as part of the Government’s Housing for All strategy. The scheme is currently open to those buying newly-built houses and apartments in private developments, and to renters whose landlord is seeking to sell the property they are renting. The extension announced on Tuesday means that self-build customers can benefit from financial support of up to 30 per cent of the total build cost of their home, to add to their self-build mortgage and deposit. A bricklayer at work (Ian Nicholson/PA)The Department of Housing expects the measure to help people in regional locations where many decide to build their first home rather than purchase a new build.

Source: The Herald September 19, 2023 11:55 UTC