New first-time buyers grant for derelict properties

Online mortgage application in Ireland.

Proposing of new grant for repurposing derelict properties for First-Time Buyers under new measures being drawn up by the Government this month.

The Government has announced plans which will allow first-time buyers to purchase a derelict or vacant property and turn it into a home without the need for planning permission.

A residential buildings report from geoDirectory published this week found that there are more than 100,000 vacant and derelict homes across the country. Mr O’Brien has said a grant of between €20,000 and €30,000 will be announced shortly to encourage first-time buyers to purchase derelict properties.

While the full details of the scheme, due to be announced in the first quarter of 2022, have yet to be finalised, it is understood that those who buy a vacant house will be able to secure funding of “in the region of €20,000 and €30,000” through their local authority towards renovation and other costs, a grant on par with the existing Help To Buy grant for new homes.

It is expected that the property would need to have not been used for a certain period and must be used as the main residence of those who buy it. Only time will how this new initiative will work and if it will be beneficial for first-time buyers.

Here, at we offer a mortgage broker service for first-time buyers and switchers alike – and what’s more, it’s fully online, takes 4 minutes and best of all the service is FREE!

Alternatively, you can submit an online enquiry on our site and one of our experienced financial advisors will call you back to get your application started as soon as possible.

 Source: RTE 

Enquire now

Give us a call or fill in the form below and we will contact you. We endeavor to answer all inquiries within 24 hours on business days.