Joan Burton announces plans to help first time buyers

The Labour leader has announced plans to give cash top-ups to first-time buyers to help them get a mortgage.

Joan Burton's new 'Save to Buy' scheme will form a key plank of Labour's election manifesto.

The plan will see the state top-up someone's savings by 25%, up to a maximum of €6,000 over five years.

Joan Burton says Labour is keen to ensure housing for all: “We’ll start with housing by speeding up the supply of affordable homes.

“We’ll establish a safe to buy scheme, to give first time buyers a helping hand.

“This will give first time buyers a cash top up when saving the deposit for a home.”