Dáil Éireann Debate, Wednesday - 14 July 2021
137. Deputy Steven Matthews asked the Minister for Housing, Local Government and Heritage the advice he can offer to first-time homeowners seeking to build their own home on private land; the supports available in this scenario; and if he will make a statement on the matter. [38412/21]
View answerA number of measures are currently in place for first-time homeowners seeking to build their own home on private land. The Help to Buy Scheme may return tax paid in the previous four years (up to a maximum amount of €30,000) to eligible first-time homeowners purchasing or self-building a new home. Further information on this support is available online at: www.revenue.ie/en/property/help-to-buy-incentive/index.aspx.
The Rebuilding Ireland Home Loan is another support for first-time homeowners, including self-builds. This scheme enables access to sustainable mortgage lending to purchase new properties, or finance self-builds, or purchase second-hand properties, in a suitable price range. To avail of this support, applicants need to have sufficient borrowing and repayment capacity and must be capable of repaying the mortgage. Further information on the Rebuilding Ireland Home Loan is available at rebuildingirelandhomeloan.ie/.
I can confirm that in addition to the above supports, a suite of affordability measures and targets for first time buyers will be announced in the "Housing For All" strategy to be published later this month.
