A new housing scheme that aims to bridge the affordability gap for first time buyers has opened.
People who've been approved for a mortgage by AIB, Bank of Ireland and Permanent TSB will qualify for the first home scheme, announced by the government today. The equity scheme will have a maximum stake of 30% if the buyer is not availing of the help-to-buy scheme, and 20% if they are.Currently, it is open to buyers of newly built houses and apartments but doesn't include second-hand homes or self-builds.
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