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First-time buyers to get savings top-up in Budget housing plan

First-time buyers to get savings top-up in Budget housing plan.

A special savings scheme to help first-time buyers is being considered as part of Budget 2019, the Irish Independent can reveal.



Finance Minister Paschal Donohoe is examining how such a scheme might work on foot of demands from Fianna Fáil. The initiative would see house hunters entitled to open a savings account for their deposit which the Government would top up with a generous donation when they go to buy a house.

A similar scheme in the UK, called the 'Help To Buy ISA', pays an interest rate of 25pc.

This means for every £200 (€225) saved, the government adds £50 up to a maximum of £3,000.



It comes as both sides are set to agree that older people will have to wait until at least the end of March before getting an increase in their pension. Mr Donohoe is preparing to top-up the weekly pension by €5 but sources have indicated that due to financial constraints it is unlikely to kick in straight away.



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We offer clients a full estate agent service including Property and Land Sales by Auction and Private Treaty, Valuations, Property Management, Lettings and Agri-Entitlements . Also Livestock Sales and Valuations for All purposes i.e. Insurance, Probate and Clearance/Reduction Sales.
Contact us at Robert Nixon & Co for a professional and friendly service when buying and selling property in the Meath, Cavan and surrounding areas. Our office is centrally located in Kells, Co. Meath.