Dáil Éireann Debate, Tuesday - 10 October 2017
26. Deputy David Cullinane asked the Minister for Finance if a person that purchases a new build with a local authority mortgage is eligible for the help-to-buy scheme if that new build matches all the criteria for the help-to-buy scheme; and if he will make a statement on the matter. [42501/17]
Amharc ar fhreagraIn order to be successful, claims under the help-to-buy incentive must satisfy a range of criteria, including that the qualifying loan is secured by the mortgage of a freehold or leasehold estate or interest in, or a charge on, a qualifying residence or a self-build qualifying residence and that the loan is provided by a qualifying lender. In accordance with sections 477C and 244A(3)(e) of the Taxes Consolidation Act 1997, local authorities are qualifying lenders for the purposes of the help-to-buy incentive.
