FG plans cash boost for first-time home buyers

FIRST-TIME buyers saving for a home would receive €1 from the Government for every €3 they put aside under a deposit scheme proposed by Fine Gael.

The measure, part of a three point plan to help first time buyers, was announced by environment spokesman Bernard Allen at the party's Ard Fheis at the weekend.

The plan also calls for all interest relief on mortgages to be given in the first seven years and proposes the abolition of stamp duty on second hand homes for first-time buyers.