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Are you a First Time Buyer?

Find out what Budget 2015 means to you.

Michael Curtin, Managing Director at MC Financial

The budget was announced on Tuesday, but many first-time buyers may have missed a couple of measures that could help them purchase their first home.

Saving for a deposit?

Just one of the measures introduced by Michael Noonan in Budget 2015 is a measure designed to help First Time Buyers saving for their first home. As of 14th October 2014, all first-time buyers can apply for a rebate for Deposit Interest Retention Tax on savings used to purchase their home. The refund is available until the end of 2017 in respect of savings up to a maximum of 20% of the purchase price.

Local Property Tax

 As with last year’s budget, first-time buyers are exempt from paying local property tax up until the end of 2016. The exemption is subject to certain conditions, including that the property must be the purchaser’s sole or main residence.

Special Offers for First Time Buyers

 The market for First Time Buyer mortgages has been quite competitive in recent months with great deals from a number of lenders. This includes Free Stamp Duty up to the value of 1% from Bank of Ireland a deal that could save you thousands on purchasing your first home.  KBC are also offering KBC Current Account Holders a 0.20% discount on their new business mortgage rates. This offer is available to First Time Buyers, Movers and Switcher Mortgage applicants until the end of the year.

For more information on any aspect of this post get in touch with Michael today by calling 01 822 8022 or by emailing You can also fill out our mortgage enquiry form and a member of our team will be in touch to discuss your application shortly.

For more top tips on how a mortgage broker can help you on the road to your first home, check out the MC Financial First Time Buyers Guide.



Warning: If you do not keep up your repayments, you may lose your home.

Warning: You may have to pay charges if you pay off a fixed rate loan early.


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MC Financial Services
Unit 9, Coolmine Enterprise Centre,
Coolmine, Dublin 15
Phone: 01 822 8022
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