Home Economics: Confusion with Help to Buy...where does my deposit go?

Our property finance expert answers your questions

The Help to Buy scheme is a tax refund initiative that was created to help first-time buyers buy a house or an apartment

Sinéad Ryan

Question

As a first-time buyer, I am in the process of buying a new apartment which is currently under construction through my local council’s affordable housing scheme, using Help To Buy (HTB) to finance the deposit of €26,000.