🔍 How It Works
Local authorities partner with developers to sell selected new homes at a discount. In exchange, the local authority takes a share of equity in your home, which you can repay later.
✅ Eligibility Criteria
- First-time buyer (exceptions apply in cases like separation or insolvency)
- Household income under the local authority threshold (usually under €70,000 for a couple)
- Unable to afford a home at market price even with a mortgage and deposit
💰 How Much Can I Save?
The discount is typically between 10% and 30%. The exact amount depends on your mortgage eligibility and the home’s value.
📍 Where Is It Available?
Homes under this scheme are available across Ireland, especially in high-demand counties like Dublin, Meath, Kildare, and Cork. Watch for developments listed on Snagg.ie or on local council websites.
📄 How to Apply
- Check your eligibility with your local authority
- Apply for homes included in the scheme through the authority or developer
- Secure mortgage approval and sign the equity agreement
📌 Final Tip
You can buy back the equity share later — or leave it in place. There’s no repayment required unless you sell or choose to buy it out.