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Over the last few weeks, political feelers have gone out to test the likely response to a grant for first-time buyers. Perhaps surprisingly for the government, the reaction has not been totally positive. The broad idea is that first-time buyers would get a lump sum payment, or other credit, of between €5,000 and €15,000 to help them to meet newmortgage lending thresholds, depending on the price of the house they are buying, perhaps up to €350,000.
Sirr, L. (2016) First time buyers' grant is for the developers' back pocket. The Sunday Times 02.10.2016.