'Let's say somebody is looking to purchase a home for 400,000... using First Home Scheme and Help to Buy, all they have to save is 10,000'

"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 are unaware of supports available through the First Home Scheme. A common barrier is the inability to save the required 10pc deposit. The First Home Scheme provides a way to address deposit shortfalls and enable purchases. Low public awareness limits uptake of available assistance. Greater information and outreach could help more first-time buyers access the Scheme and overcome deposit obstacles. Improved awareness would increase opportunities for young people and other eligible buyers to progress toward homeownership.

Read at Independent