Getting the State to fund 30% of the price of your new home
The fear is that the scheme will push up house prices, making it pointless to avail of it
The Affordable Purchase Shared Equity scheme will be aimed predominantly at first-time buyers, although Minister for Housing Darragh O’Brien recently said there will be ‘some exceptions’. Photograph: Alan Betson
The Affordable Purchase Shared Equity scheme will see the State take an equity share of up to 30 per cent in the purchase of a new home. File photograph: iStock
The scheme, Affordable Purchase Shared Equity, will see the State take an equity share, of up to 30 per cent, in the purchase of a new home. It is aimed at helping close the affordability gap for those who may earn too much to be eligible for social housing, but not enough to pay the full market price themselves.