Redemption Calculator

Explore buying back your FHS Equity Share

Review your options for buying back part or all of your FHS Equity Share, based on your property’s value today.

Step 1 of 5

Let’s get started

What product do you have?

New Build Private Development

Tenant Home Purchase Buying your rented home

Self-build Built on your own site

When did you draw down your FHS Equity Facility?

Used to check if an updated valuation is required.

Step 2 of 5

Property Details

Property Purchase Price

Per the 'Key Terms' section of your FHS Customer Agreement.

Original FHS Equity Amount Provided

Per the 'Key Terms' section of your FHS Customer Agreement.

Original FHS Equity Share Percentage:

Current FHS Equity Share Percentage
(taking any prior redemptions into account)

If you have made previous redemptions, this will be on your most recent FHS redemption acknowledgment letter. If you haven't redeemed before, it's the same as your original equity share (-).

Step 4 of 5

Choose a Redemption Type

Redemption Types

Partial Redemption Buy back some of FHS’s share

Full Redemption Buy back FHS’s share in full

Amount to Redeem

Min -

Max -

The minimum partial redemption is 5% of your original equity. You can make up to two redemptions in any rolling 12-month period.

A full redemption is required for certain events

If you sell the property, switch your mortgage to a non-participating lender, your home ceases to be your principal private residence or the homeowner dies, a full redemption is required. These are called 'trigger events'.

Your result

Based on the details provided...

Your amount payable today

This buys back FHS's Equity Share in your home in full.

Log into your customer portal (opens in a new tab) to start your redemption process.

Summary

Product:: ---

Drawdown:: ---

Purchase Price:: ---

Original Equity:: --- (---)

Current Equity %:: ---

Valuation:: ---

Service charges:: ---

WARNING: The figure above is indicative only and should not be relied upon. The amount in your redemption letter will differ due to the equity percentage above being rounded to two decimal places.

WARNING: This is an indicative estimate, not a quote.
Figures here are calculated from the information you enter. The First Home Scheme will issue the binding quote after a formal property valuation from an FHS-approved valuer. Property prices can go up and down. As the equity facility is linked to the value of your home, any change in property prices will affect any partial or full redemption amounts.

WARNING: The First Home Scheme is not regulated by the Central Bank of Ireland and the equity product is not governed by the Central Bank and its statutory codes of conduct and/or other regulations to include the Consumer Protection Code. However, this does not affect your rights under consumer law.

WARNING: We strongly recommend that you seek advice from an independent financial adviser and legal adviser if applying for a First Home Scheme product.