First-Time Buyers Advice: Make The Best Financial Decisions When Buying Your First Home in Ireland
Happy to buy your first home? Make the happiest choice in Ireland by leveraging the essential schemes and incentives offered by the Irish Government. Here is some essential information to help you make the best financial decisions. Getting A Mortgage in Cork , Dublin and the Big Cities Very few can afford to buy a home without taking out a mortgage loan in Ireland. A mortgage is a long-term loan offered by banks and/or local authorities for the purchase, renovation, or construction of a home. Buyers are able to purchase their own home with the loaned funds and move out of the rental market immediately. The new property serves as the loan's "security." You may lose your home if you are unable to repay the loan. Concerned by the growing housing crisis in the nation, on February 1, 2018, the Irish government launched the Rebuilding Ireland Home Loan scheme in an effort to make it easier for first-time mortgage buyers by lowering interest rates and allowing them to borrow