| 15.7°C Dublin

Close

Premium

Lenders want comfort on security before joining First Home scheme

Non-banks are lining up to get on board but concerns about who would have priority in event of default

Close

Finance Minister Paschal Donohoe and Housing Minister Darragh O’Brien on a site visit to O’Devaney Gardens in Dublin. Photograph: Brian Lawless/PA Wire

Finance Minister Paschal Donohoe and Housing Minister Darragh O’Brien on a site visit to O’Devaney Gardens in Dublin. Photograph: Brian Lawless/PA Wire

Minister for Finance Paschal Donohoe (left) and Minister for Housing Darragh O’Brien during a site visit to O’Devaney Gardens in Dublin. Picture date: Friday July 8, 2022. PA Photo. See PA story IRISH Housing . Photo credit should read: Brian Lawless/PA Wire

Minister for Finance Paschal Donohoe (left) and Minister for Housing Darragh O’Brien during a site visit to O’Devaney Gardens in Dublin. Picture date: Friday July 8, 2022. PA Photo. See PA story IRISH Housing . Photo credit should read: Brian Lawless/PA Wire

Minister for Finance Paschal Donohoe (left) and Minister for Housing Darragh O’Brien arriving for a site visit to O’Devaney Gardens in Dublin. Picture date: Friday July 8, 2022. PA Photo. See PA story IRISH Housing . Photo credit should read: Brian Lawless/PA Wire

Minister for Finance Paschal Donohoe (left) and Minister for Housing Darragh O’Brien arriving for a site visit to O’Devaney Gardens in Dublin. Picture date: Friday July 8, 2022. PA Photo. See PA story IRISH Housing . Photo credit should read: Brian Lawless/PA Wire

Minister for Finance Paschal Donohoe (second right) and Minister for Housing Darragh O’Brien (right) during a site visit to O’Devaney Gardens in Dublin. Picture date: Friday July 8, 2022. PA Photo. See PA story IRISH Housing . Photo credit should read: Brian Lawless/PA Wire

Minister for Finance Paschal Donohoe (second right) and Minister for Housing Darragh O’Brien (right) during a site visit to O’Devaney Gardens in Dublin. Picture date: Friday July 8, 2022. PA Photo. See PA story IRISH Housing . Photo credit should read: Brian Lawless/PA Wire

Minister for Finance Paschal Donohoe (left) and Minister for Housing Darragh O’Brien arriving for a site visit to O’Devaney Gardens in Dublin. Picture date: Friday July 8, 2022. PA Photo. See PA story IRISH Housing . Photo credit should read: Brian Lawless/PA Wire

Minister for Finance Paschal Donohoe (left) and Minister for Housing Darragh O’Brien arriving for a site visit to O’Devaney Gardens in Dublin. Picture date: Friday July 8, 2022. PA Photo. See PA story IRISH Housing . Photo credit should read: Brian Lawless/PA Wire

/

Finance Minister Paschal Donohoe and Housing Minister Darragh O’Brien on a site visit to O’Devaney Gardens in Dublin. Photograph: Brian Lawless/PA Wire

Credit unions and non-bank lenders are keen to get involved in the Government’s new shared home equity scheme after being left out of the launch this week.

Mortgage market sources told the Irish Independent that new participants were lining up to join First Home, which provides housing finance in exchange for an ownership stake, after its opening phase once certain operating issues were ironed out.


Most Watched





Privacy