The First Home Scheme, launched in July 2022, is a shared equity scheme, designed to help bridge the gap for eligible first-time buyers, eligible homebuyers, and now self-builders, between their deposit and mortgage, and the price of their new home (within price ceilings established across the country).
The expansion of the First Home Scheme to include a self-build product was officially announced on 19 September 2023. As of 20 September, applications from self-build customers can be made online via the First Home website www.firsthomescheme.ie. Further information on the Scheme and criteria for the self-build product is also available on the website.
The scheme cannot be applied retrospectively to homes already under construction.