Louth Councillor Rachel Kerley has called on Government to introduce new supports for first-time buyers purchasing second-hand homes, warning that current housing policy is leaving many young people at a disadvantage.
While acknowledging the success of the Help to Buy Scheme in assisting buyers of new builds, Cllr Kerley said it fails to reflect the reality for many aspiring homeowners in Drogheda, Louth, and beyond.
“There are various reasons why a second-hand home may be the only viable option for first-time buyers,” she explained. “Yet these hopeful homeowners are at a distinct disadvantage as they are not entitled to the supports that are available to those purchasing new or self-builds.”
Currently, the Help to Buy scheme provides a tax rebate of up to €30,000 but only applies to new homes valued under €500,000. “This means first-time buyers of second-hand homes are excluded entirely,” Cllr Kerley said.
A Call for Alternatives
Cllr Kerley has written to Ministers John Cummins and Paschal Donoghue, urging them to consider alternative supports that would not risk further inflating property prices. One option she has proposed is a voucher scheme for essential household goods and appliances.
“Such a scheme would not only give new homeowners a much-needed hand up as they begin their new chapter, but it would also provide a boost to the local economy by directing spending into local businesses and services,” she added.
A Fairer Approach
With the Government already committed to retaining and revising the Help to Buy scheme, Cllr Kerley stressed that first-time buyers of second-hand homes must not be left behind.
“We can and must do more to support all first-time buyers, including those purchasing second-hand homes,” she said. “This is about fairness, and about making sure every young person has a realistic chance to own a home.”
