We here at Adrian Hassett Auctioneers know that government supports can play a significant role in helping buyers step onto the property ladder. For many first time buyers in Ireland, schemes such as Help to Buy and the First Home Scheme have made purchasing a new home more achievable. In 2026, these supports continue to assist buyers, but understanding how they work and what updates may apply is essential before beginning the buying process.
The Help to Buy scheme is designed to assist first time buyers purchasing or building a new home. It allows eligible applicants to claim a refund of income tax and Deposit Interest Retention Tax paid over the previous four years, which can be used towards the deposit required for a new build property. This support can make a substantial difference when buyers are trying to meet the deposit requirements set by mortgage lenders.
To qualify, applicants must meet certain conditions. The property must be newly built or self built and must fall within the scheme’s value limits. Buyers must also intend to live in the property as their main residence. As with any government support, eligibility rules can evolve, so it is important to confirm current requirements before relying on the scheme as part of your purchase plan.
The First Home Scheme is another initiative aimed at helping buyers bridge the gap between their mortgage approval and the purchase price of a new home. Under this scheme, the government takes an equity share in the property. This means the scheme can contribute a portion of the purchase price in exchange for a stake in the property’s value.
For buyers who are struggling to reach the full purchase price with their mortgage and deposit alone, this approach can make the difference between securing a property and continuing to rent. However, buyers should also understand that the equity share may need to be repaid in the future, particularly if the property is sold.
These schemes are designed to support first time buyers in a challenging housing market, but careful planning is still essential. Buyers should ensure they understand their mortgage capacity, deposit requirements and the long term implications of any support they use.
Taking time to review all available options can help buyers move forward with greater clarity and confidence when purchasing their first home.
If you would like to discuss buying or selling a property, contact us on 0871303206 or email sales@adrianhassett.com or visit adrianhassett.com.
Disclaimer: This article is based on publicly available information and is intended for general guidance only. While every effort has been made to ensure accuracy at the time of publication, details may change and errors may occur. This content does not constitute financial, legal or professional advice. Readers should seek appropriate professional guidance before making decisions. Neither the publisher nor the authors accept liability for any loss arising from reliance on this material.
