Dáil Éireann Debate, Thursday - 11 July 2024
259. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage if a first home scheme payment is made directly to the property seller/developer or to the purchaser of the property. [30729/24]
View answerThe First Home Scheme, which launched in July 2022, is a shared equity scheme, designed to help bridge the gap for eligible first-time buyers, eligible homebuyers, and self-builders, between their deposit and mortgage, and the price of their new home (within price ceilings established across the country). Full details are available on the First Home Scheme website, www.firsthomescheme.ie.
The First Home Scheme Designated Activity Company (DAC) is fully responsible for the operation of the First Home Scheme on behalf of all shareholders.
The First Home Scheme payment is released to the purchaser's solicitor's account. The solicitor then finalises the property purchase on behalf of the purchaser in parallel with the mortgage process.
Further information can be found on the First Home Scheme website at www.firsthomescheme.ie/faqs/.
