Help to Buy at ParkSide

Cairn is registered as a qualifying contractor under the Help to Buy scheme.  All of our new homes in ParkSide are qualifying residence meaning First Time Buyers can obtain 5% of the purchase price through the Help to Buy Scheme.

 

Help to buy examples

The starting price for a 3 bed house is €320,000
Purchase Price €320,000
Total Deposit (10%) €32,000

Deposit Composition
Booking Deposit* €5,000
Help to Buy (5% of purchase price)** €16,000
Balance Payable on Signing Contract €11,000
Total Deposit €32,000
The starting price for a 4 bed house is €375,000
Purchase Price € 375,000
Total Deposit (10%) €37,500

Deposit Composition
Booking Deposit* €5,000
Help to Buy (5% of purchase price)** €18,750
Balance Payable on Signing Contract €13,750
Total Deposit €37,500

*refundable deposit payable by First Time Buyer to sales agent in advance of contract being issued
**subject to First Time Buyer eligibility under the Help to Buy scheme

Find out more

The Help to Buy incentive is designed to assist first-time buyers with obtaining the deposit required to purchase a new house or apartment to live in as their home. The incentive provides for a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid over the previous four tax years to first-time buyers who purchase  a new house or apartment to live in as their home.

There are two stages to the Help to Buy electronic process for First Time Buyers; Application stage and Claim stage.
For more information, please use the following link to the Revenue website http://www.revenue.ie/en/tax/it/reliefs/htb/index.html