"Michael Broderick of First Home Scheme is amazed so many people who want to buy a property are unaware of the supports available"
"We've all heard the complaint: how can young people buy a house when they can't even save the 10pc deposit that's needed?"
"But there is a way, says Michael Broderick, chief executive of the First Home Scheme - and he's surprised more of us don't know about it."
Many prospective homebuyers remain unaware of supports available through the First Home Scheme that can reduce upfront costs and ease entry into property ownership. A widespread perception exists that young buyers cannot save the typical 10% deposit required for a mortgage. The First Home Scheme provides mechanisms to address the deposit hurdle and enable purchases for those who struggle to save the full deposit. Low public awareness of these supports limits uptake and perpetuates barriers to homeownership. Increasing public information and outreach about available schemes could improve access to housing for younger and first-time buyers.
Read at Independent
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