Home Buyers Grant explained

Good news for First Time Buyers in certain aspects of the market with the announcement of the Home Buyers Grant. Put simply First Time Buyers will be able to claim a rebate of Tax paid in the previous 4 Years which will be considered as part of their deposit required for their Mortgage Approval on the purchase of a brand new home. Buyers will be eligible for up to 5% of the value of their newly built property up to a threshold of €400,000, this maximum amount will only apply on properties with a value up to €600,000 and as mentioned is only applicable to new builds.