HELP TO BUY INCENTIVE What is Help to Buy? The Help to Buy (HTB) incentive is a Government initiative designed to help first time buyers raise the deposit they need to buy their new home. Under the scheme, homebuyers can claim the lesser of €30,000, 10% of the purchase price of the home, or the amount of income tax you have paid in the 4 years prior to your application. Help to Buy Example: 10% Savings €5,000 Help to Buy €30,000 New Home €350,000 90% Mortgage €315,000 Am I eligible? • To avail of HTB you must be over 18 years old. •You should be a first time buyer, intending to live in the home as an owner- occupier for at least 5 years. • Be a PAYE taxpayer. • Borrowing at least 70% of the value of the home. • Buying before 31st December 2024.
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