Since the 1st of February 2018, first time buyers can contact their local authority and apply for this new scheme which offers mortgages at discounted rates starting at 2 per cent fixed for 25 years. The amounts available can vary between €320,000 and €250,000 (depending on where the property is located). First time buyers can apply individually provided their gross income does not exceed €50,000 or jointly provided the gross annual income does not exceed €75,000.