Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Shutterstock/Paranamir

New scheme to help first-time buyers on the way - and it will be back-dated

A new help-to-buy scheme due to be announced on Budget Day will be backdated to today.

FIRST-TIME BUYERS are to get a dig out from government to help them purchase a home.

The package, which will most likely take the form of a new tax-rebate scheme, is due to be announced in the Budget.

It aims to help those struggling to get on the property ladder. However, speaking today, Housing Minister Simon Coveney was keen to point out there would be restrictions to the help-to-buy scheme.

The initiative has yet to be signed off on, as the Minister for Finance, Michael Noonan, wants to discuss the plans further with the Central Bank, Coveney said.

Central Bank rules 

Under the Central Bank rules introduced in January of last year borrowers are expected to arrive to market with at least a 20% deposit saved for the value of the house they hope to buy.

For first-time buyers the rules are slightly more lax, with 10% of the first €220,000 required, and 20% thereafter.

Coveney said there was a delicate balance to be struck: 

What you don’t want to do is increase the capacity of first time buyers to spend more without actually having a correspondence in an increase in supply, so this needs to be a supply boost as well as a help-to-buy plan.

“I think it will be done through the tax system in the form of a rebate and there will obviously be parameters with it in terms of the value of the house a first-time buyer gets support to buy”.

He added:

We are not in the business of supporting the purchase of mansions.

The plan, Coveney stressed, would facilitate the sensible provision of family homes. More details are to be announced in the coming months.

Coveney said he wanted to assure first-time buyers that any scheme announced on Budget Day would be backdated to today.

Announcing the government’s long-anticipated housing plan this afternoon, he said he fully expected Fianna Fáil to support the Budget as Fine Gael were “following through” on their agreement to prioritise housing policy.

Budget 2017 will be announced in October.

Related: Rebuilding Ireland: The long-anticipated housing plan is out – here’s what’s in it >

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
72 Comments
    Install the app to use these features.
    Mute Ted Power
    Favourite Ted Power
    Report
    Mar 18th 2013, 7:15 PM

    Masturbation, self love is so good at times.

    652
    Install the app to use these features.
    Mute Paul
    Favourite Paul
    Report
    Mar 18th 2013, 8:03 PM

    A much underated passtime.

    204
    Install the app to use these features.
    Mute dermot ryan
    Favourite dermot ryan
    Report
    Mar 18th 2013, 8:14 PM

    That’s why you keep grabbing onto my leg and doing that crazy dance , and there was I thinking that you were just trying to copy George Hook’s dance ! ; Bold ted down boy down!

    55
    See 1 more reply ▾
    Install the app to use these features.
    Mute Figo murphy
    Favourite Figo murphy
    Report
    Mar 19th 2013, 1:12 PM

    Are we allowed to masturbate now?

    9
    Install the app to use these features.
    Mute Peter Ahern
    Favourite Peter Ahern
    Report
    Mar 18th 2013, 7:15 PM

    Have a fag mmmmmmm!!!! Off them 6 weeks today :)

    285
    Install the app to use these features.
    Mute Leonard Washington
    Favourite Leonard Washington
    Report
    Mar 18th 2013, 7:46 PM

    Dirty, dirty Peter :-D

    52
    Install the app to use these features.
    Mute Paula Doyle
    Favourite Paula Doyle
    Report
    Mar 18th 2013, 9:10 PM

    Well done Peter. Keep up the good work.

    113
    See 1 more reply ▾
    Install the app to use these features.
    Mute Catherine Crotty Brett
    Favourite Catherine Crotty Brett
    Report
    Mar 19th 2013, 7:40 AM

    Congratulations peter

    10
    Install the app to use these features.
    Mute Sir
    Favourite Sir
    Report
    Mar 18th 2013, 7:08 PM

    Join a religious community? Even reading that suggestion is raising my stress levels

    251
    Install the app to use these features.
    Mute Eoin O'Connor
    Favourite Eoin O'Connor
    Report
    Mar 18th 2013, 7:12 PM

    Well, they do say ignorance is bliss. So maybe joining a religious group does reduce strees?

    130
    Install the app to use these features.
    Mute Sarah Mc Eneaney
    Favourite Sarah Mc Eneaney
    Report
    Mar 19th 2013, 11:22 PM

    But sure after the religious brain washing u won’t even know what is stress!!!

    5
    Install the app to use these features.
    Mute Jason Stenson
    Favourite Jason Stenson
    Report
    Mar 18th 2013, 7:13 PM

    Become a TD and pass your stress on to the minions, and live happily ever after on a massive pension

    186
    Install the app to use these features.
    Mute Lily Signoret
    Favourite Lily Signoret
    Report
    Mar 18th 2013, 7:35 PM

    How can a list of “scientifically-backed” facts include join a religion???

    174
    Install the app to use these features.
    Mute Noel Madden
    Favourite Noel Madden
    Report
    Mar 18th 2013, 7:51 PM

    I believe it is speaking to the effects of religion on people and stress that has been scientifically proven. I think I’ll try Yoga and laughter instead of religion.

    86
    Install the app to use these features.
    Mute AggressiveSecularist
    Favourite AggressiveSecularist
    Report
    Mar 18th 2013, 8:36 PM

    You could say exactly the same thing about yoga. Last I checked the Chakra wasn’t a particularly scientific concept.

    Personally irrationality does the opposite to relaxing me, so I will partake in neither.

    28
    See 4 more replies ▾
    Install the app to use these features.
    Mute Noel Madden
    Favourite Noel Madden
    Report
    Mar 18th 2013, 8:41 PM

    I read the whole point not just the bold lettering. It states how sex can help especially with lowering blood pressure.

    13
    Install the app to use these features.
    Mute Noel Madden
    Favourite Noel Madden
    Report
    Mar 18th 2013, 8:42 PM

    Oops, wrong comment section. :-S

    13
    Install the app to use these features.
    Mute James Hyland
    Favourite James Hyland
    Report
    Mar 19th 2013, 8:14 AM

    and why is ” fishing/angling ” not included

    14
    Install the app to use these features.
    Mute Dorothy T. Murphy
    Favourite Dorothy T. Murphy
    Report
    Mar 20th 2013, 7:34 AM

    It’s the stretches and breathing that are relaxing. Being negative about everything would take it out of you too.

    5
    Install the app to use these features.
    Mute Cannabis Freedom
    Favourite Cannabis Freedom
    Report
    Mar 18th 2013, 7:52 PM

    Load up the bong :)

    152
    Install the app to use these features.
    Mute dermot ryan
    Favourite dermot ryan
    Report
    Mar 18th 2013, 8:19 PM

    Ah yes the bong ! some say it’s as good as drinking a “can a p*ss!”

    24
    Install the app to use these features.
    Mute Terry Tibbs
    Favourite Terry Tibbs
    Report
    Mar 18th 2013, 9:46 PM

    I agree

    16
    See 1 more reply ▾
    Install the app to use these features.
    Mute bignazza
    Favourite bignazza
    Report
    Mar 18th 2013, 11:07 PM

    I do love a gud wan

    10
    Install the app to use these features.
    Mute Little Jim
    Favourite Little Jim
    Report
    Mar 18th 2013, 7:15 PM

    Do I really have to do all that to relax.

    124
    Install the app to use these features.
    Mute karla carroll
    Favourite karla carroll
    Report
    Mar 18th 2013, 7:40 PM

    There was no mention of stress balls… A tight squeeze and manipulation of those balls does one a world of good. it only becomes a problem when you hand and fingers cramp from squeezing hard.

    70
    Install the app to use these features.
    Mute Susan Lloyd
    Favourite Susan Lloyd
    Report
    Mar 18th 2013, 9:27 PM

    That has to be the comment of the week!

    31
    Install the app to use these features.
    Mute Dwickedchicken
    Favourite Dwickedchicken
    Report
    Mar 19th 2013, 12:16 AM

    I would reckon you squeezing my balls would relief my stress as well as your own.
    Two birds with two stones so to speak.

    46
    Install the app to use these features.
    Mute Ronan Quinn
    Favourite Ronan Quinn
    Report
    Mar 18th 2013, 7:30 PM

    take a surf lesson if u never surfed before or u cant swim u can still take surf lesson ive surfed long time all over west coast oz newzealand Ireland clears your mind great buzz check out surf webcams on irelands coast

    67
    Install the app to use these features.
    Mute Howard Cooley
    Favourite Howard Cooley
    Report
    Mar 18th 2013, 8:03 PM

    Take Valium.

    49
    Install the app to use these features.
    Mute Joey Casey
    Favourite Joey Casey
    Report
    Mar 18th 2013, 7:45 PM

    Join religious community my ass!!! Just thinkin about that has me deep breathin and googling yoga classes as we speak….

    41
    Install the app to use these features.
    Mute karla carroll
    Favourite karla carroll
    Report
    Mar 18th 2013, 7:38 PM

    Going for a walk, or a hike or participation in a favorite pass time or hobby.

    Painting is great too.

    37
    Install the app to use these features.
    Mute Sheik Yahbouti
    Favourite Sheik Yahbouti
    Report
    Mar 18th 2013, 8:08 PM

    No mention of masturbation? I have been informed that it is a great stress reliever. :-)

    36
    Install the app to use these features.
    Mute Little Jim
    Favourite Little Jim
    Report
    Mar 18th 2013, 8:50 PM

    Yep.
    Ted’s up there going at it like mad.

    64
    Install the app to use these features.
    Mute hide&Seek
    Favourite hide&Seek
    Report
    Mar 18th 2013, 9:34 PM

    yes it sure does …:)

    5
    Install the app to use these features.
    Mute Audrey Flanagan
    Favourite Audrey Flanagan
    Report
    Mar 18th 2013, 8:39 PM

    Kick Bishop Brennan up the arse, no wait…..

    29
    Install the app to use these features.
    Mute Tracey Carroll
    Favourite Tracey Carroll
    Report
    Mar 18th 2013, 9:04 PM

    You can’t beat a good sigh!! So good for reliving stress

    28
    Install the app to use these features.
    Mute Sarah Datti
    Favourite Sarah Datti
    Report
    Mar 18th 2013, 8:22 PM

    Read something, or knit something!

    25
    Install the app to use these features.
    Mute Margaret Martin
    Favourite Margaret Martin
    Report
    Mar 18th 2013, 11:03 PM

    Have a good sleep.

    24
    Install the app to use these features.
    Mute Seán O' Dulaing
    Favourite Seán O' Dulaing
    Report
    Mar 18th 2013, 7:38 PM

    I’m surprised that sex didn’t get so much as an honourable mention.

    18
    Install the app to use these features.
    Mute Noel Madden
    Favourite Noel Madden
    Report
    Mar 18th 2013, 7:53 PM

    It is the 15th point in the article.

    55
    Install the app to use these features.
    Mute AggressiveSecularist
    Favourite AggressiveSecularist
    Report
    Mar 18th 2013, 8:34 PM

    Noel, I’m guessing you get your “sex” from 1900 numbers if you think talking about sex is sex.

    18
    See 1 more reply ▾
    Install the app to use these features.
    Mute Noel Madden
    Favourite Noel Madden
    Report
    Mar 18th 2013, 8:43 PM

    I read the whole point and not just the words in bold font. It states how sex can be beneficial and lower blood pressure.

    36
    Install the app to use these features.
    Mute Deirdre
    Favourite Deirdre
    Report
    Mar 18th 2013, 11:49 PM

    Swearing is the best in the moment technique!

    17
    Install the app to use these features.
    Mute Eoin O'Connor
    Favourite Eoin O'Connor
    Report
    Mar 18th 2013, 7:12 PM

    *stress

    16
    Install the app to use these features.
    Mute Jennifer Connolly
    Favourite Jennifer Connolly
    Report
    Mar 18th 2013, 10:12 PM

    Sure what’s wrong with religion apart from starting wars n stuff at least they offer everlasting life albeit they don’t promise it will be stress free

    13
    Install the app to use these features.
    Mute dermot ryan
    Favourite dermot ryan
    Report
    Mar 18th 2013, 8:17 PM

    That lad in the picture doesn’t look too comfortable ! Stress relief my dodgy knee !

    7
    Install the app to use these features.
    Mute Tom Nevin
    Favourite Tom Nevin
    Report
    Mar 19th 2013, 4:37 PM

    sitting on the loo with a good read with noone annoying you.

    3
    Install the app to use these features.
    Mute Jack Bowden
    Favourite Jack Bowden
    Report
    Mar 19th 2013, 8:59 AM

    Alcohol is a great stress reliever. Also all those benzodiazepines are made for stress. You can also buy zimmos on the streets of Dublin according to RTE’s Primetime.

    2
    Install the app to use these features.
    Mute Sean Mc Gowan
    Favourite Sean Mc Gowan
    Report
    Mar 19th 2013, 1:14 PM

    Alcohol just makes you forget about your stress. It’s still gonna be there! Twice as bad in the morning.

    11
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds