What will a revamped State mortgage scheme do for single buyers?

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Single homebuyers will qualify for State assistance, but only limited help from the Bank of Mum and Dad is allowed

The new regulations will make it easier for single people to avail of a State-backed mortgage for a new, second-hand or self-build home. Photograph: iStock

A newly launched revamp of a State-sponsored home loan is expected to make it easier for single people – including those who are divorced or separated – to buy their own home. But how will the scheme work, and will it really achieve this goal? On January 4th of this year, Minister for Housing, Local Government and Heritage Darragh O’Brien signed regulations giving effect to a new scheme.

 

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