Banking lobby group calls for retention of Help to Buy scheme

Banking and Payments Federation Ireland says scheme is bolstering supply of homes

 Brian Hayes: the BPFI’s newly installed chief executive. Photograph: Eric Luke

Brian Hayes: the BPFI’s newly installed chief executive. Photograph: Eric Luke

The Banking & Payments Federation Ireland (BPFI) has urged Minister for Finance Paschal Donohoe to retain the help-to-buy scheme for first-time buyers in the next budget.

In a submission to the Department of Finance in advance of Budget 2020, the banking lobby group produced new figures showing that up to 92 per cent of all first-time buyers purchasing a new property with a mortgage used the scheme in the period 2018-2019.

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