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2017-21 help to buy scheme - megathread. All help to buy discussion here please

1767779818285

Comments

  • Registered Users Posts: 9 iamsosmart


    iamsosmart wrote: »
    Hey all,

    Has anyone got HTB approval recently?

    I applied with my partner in January and am still waiting on approval. Revenue advised we require manual review as my partner's employer was using the Employment Wage Subsidy Scheme for a few months in 2020.

    It's been almost 7 weeks at this stage though..


    Just to update, we got approved today! Had initially applied on 21st Jan.


  • Registered Users, Registered Users 2 Posts: 1,474 ✭✭✭showpony1


    I have been just looking into HTB recently, just wanted to clarify as i may have this totally wrong;

    Taking, for example, a €350,000 new build which would require 90% Mortgage = €315,000 Mortgage + €35k Deposit required.
    When i entered this data on a new build mortgage calculator it showed Requirement of - €5k Cash Deposit + €30k HTB Rebate.

    I had assumed when you obtained the €30k HTB relief, you would knock this off the price of the house and still require deposit for bank.
    i.e. €350,000 - €30,000 HTB = €320,000. So a €32,000 bank deposit still required? or is it only the 5k above mentioned needed?


  • Registered Users Posts: 133 ✭✭Milena009


    showpony1 wrote: »
    I have been just looking into HTB recently, just wanted to clarify as i may have this totally wrong;

    Taking, for example, a €350,000 new build which would require 90% Mortgage = €315,000 Mortgage + €35k Deposit required.
    When i entered this data on a new build mortgage calculator it showed Requirement of - €5k Cash Deposit + €30k HTB Rebate.

    I had assumed when you obtained the €30k HTB relief, you would knock this off the price of the house and still require deposit for bank.
    i.e. €350,000 - €30,000 HTB = €320,000. So a €32,000 bank deposit still required? or is it only the 5k above mentioned needed?


    So basically, You need to pay 5k booking deposit. You then can go onto claiming htb with loan offer & contract signed.
    Deposit as total is 10% so 35k in this example [30k coming from Help to buy)


    Hope this helps.


  • Registered Users Posts: 40 rose_2


    iamsosmart wrote: »
    Just to update, we got approved today! Had initially applied on 21st Jan.

    I got a message today saying my HTB application was cancelled. Applied in January


  • Registered Users Posts: 485 ✭✭Klopp


    Seaandwind wrote: »
    This happened us too, I rang the PAYE helpline and they could tell us we had tax owing. However that is still coming up on our application. We were told it is a waiting game now but to be honest it is very frustrating as we applied Jan 15th. There is no way to contact them bar the My Enquiry tab which I did and heard nothing either. Not sure what else we can do.
    Hopefully you get sorted soon.


    Thanks, when i requested a SOL for this year it told me i owe 2 cent and partner owes 3 cent but no option to pay? I'll ring them this week and see what they say about our application.


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  • Registered Users, Registered Users 2 Posts: 18,196 ✭✭✭✭Busi_Girl08


    maon04 wrote: »
    Hi,

    I am confused. We are just waiting for a call to get our house keys and instead we got an email from our solicitor saying that the builders have problems getting the funds from our help to buy (combined we got the 30k)
    It seems like they only can access my tax refund but not my partners?? (Which is the one that has the biggest amount)

    Could be a mistake from Revenue? Maybe the person sending the money only sent my part and forgot my partners? Is that even possible? Is that something we/revenue/builders are missing?

    We are quite frustrated as we were expecting to get the keys today and we packed all already. (Also need to leave the current house before end of the week!!)

    Now we made an enquiry to the Revenue, currently in the queue but it can take days or weeks!!! So sooo frustrating...

    Any ideas anyone?
    Really appreciate it...

    Thanks

    Just checking if you had any luck with this? My only advice if not yet sorted would be on Revenue's case, keep contacting and chasing, and send on whatever documents you have that say you're at purchase stage and need the funds to confirm.


  • Registered Users, Registered Users 2 Posts: 2,641 ✭✭✭kev_s88


    Hey all. I'm sure there are no new questions here and that all have been answered somewhere along the way but i'll ask anyway and hopefully someone has some advice.

    Me and my partner put in a Joint application for HTB at the end of last week. At this stage we are expecting around a 2 week wait to hear back on our application. We were both on TWSS from our relevant jobs for a few months during Summer 2020. Now we are sitting with the large tax bill that is owed.

    I know Revenue announced that they would give leeway on HTB applications for people that owe tax due to TWSS, but has anyone seen a notable delay in applications coming back? Has anyone had any issues relating to owed taxes due to TWSS in their HTB?


  • Registered Users Posts: 6 CKenna


    My application still says awaiting membership confirmation for me and my partner applied the 18th of January and no change she accepted the request to join when we applied but still says the same am I missing something?


  • Registered Users, Registered Users 2 Posts: 18,196 ✭✭✭✭Busi_Girl08


    Some people here (like myself) waited about 6 weeks for theres to go through (I applied on the 14th of January, my partner was approved about 3 weeks later and me another 3 weeks after that - on my part I was on the WSS last year so that delayed things), others were through in a matter of days, others nearly straight away.

    They seem to be nearly through the backlogs/delays from the start of the year.

    If you're at a critical stage of a house purchase then get on Revenue's case, send on the necessary contracts and advise it needs to be done ASAP.


  • Registered Users, Registered Users 2 Posts: 45 Seaandwind


    CKenna wrote: »
    My application still says awaiting membership confirmation for me and my partner applied the 18th of January and no change she accepted the request to join when we applied but still says the same am I missing something?

    This happened us and we rang PAYE who found tax that was owed. However we still appear as ‘awaiting membership confirmation’ so who knows. But try ringing PAYE for advice- anyone I spoke to there has been extremely helpful infairness.


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  • Posts: 0 [Deleted User]


    Confirmation that builder has received their part, only a few days after we got approval (Which only took a few days)

    Very pleasantly surprised. Hope it works out for all in the thread.


  • Registered Users Posts: 3,157 ✭✭✭Markitron


    The builder of my house wasn't registered with HTB when we went sale agreed, been waiting 6 weeks for them to sort their application now.

    Don't suppose anyone else has been in that situation?


  • Registered Users, Registered Users 2 Posts: 3,515 ✭✭✭arleitiss


    Hi All,

    Just wondering how does this process work.

    My application for Help To Buy just got approved, I was given Application code and Maximum relief value.

    Am I correct to assume this is the following process:

    I go to bank/lender and get approved for mortgage (I am sure I will get approved as I went 2 months ago and got rejected only because I had two loans, one of them is closed now).


    So now I can combine: [My Deposit/Savings] + [HTB Relief Value or 10% of property value] + Mortgage Value Approved = Total value of property I can afford/buy?



    Once I find property and decide to go for it - I will provide all these applications and that will be it?


    Or am I getting something/everything wrong here?


  • Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    Mod Note

    arleitiss, I've merged your post with the main HTB thread.


  • Registered Users Posts: 949 ✭✭✭Renjit


    arleitiss wrote: »
    Hi All,

    Just wondering how does this process work.

    My application for Help To Buy just got approved, I was given Application code and Maximum relief value.

    Am I correct to assume this is the following process:

    I go to bank/lender and get approved for mortgage (I am sure I will get approved as I went 2 months ago and got rejected only because I had two loans, one of them is closed now).


    So now I can combine: [My Deposit/Savings] + [HTB Relief Value or 10% of property value] + Mortgage Value Approved = Total value of property I can afford/buy?



    Once I find property and decide to go for it - I will provide all these applications and that will be it?


    Or am I getting something/everything wrong here?

    Refer this:

    When you are creating HTB application and submitting it, you do not need any documents. You just have to create the application as single applicant or joint (your spouse). Then you select the tax years you wish to include. And then you submit. Then you will receive the Application number.

    After approval (which may take some time and you will get the email) you will see the max claim amount available to you. You will also receive the Access Code which can be used by third party to confirm the max amount available to you. You provide Application number and Access code to the bank for verification of HTB available to you. Bank will provide you Mortgage offer letter (with house details you finalized) or approval in principle (if you are just searching for houses).

    Later, you proceed with the claim stage. Where you provide the documentation details (mortgage offer, contract copy, property address etc) and then submit. After this you get the Claim reference number. This is what you provide to your solicitor who then send it to developer solicitor. And the developer claims it.

    Refer to the below HTB guide for detailed information:
    https://www.revenue.ie/en/property/documents/htb-summary-applicants.pdf


  • Registered Users Posts: 485 ✭✭Klopp


    My joint application has not progressed. i called the revenue and was advised to submit my query online through the site and i got the below reply earlier.
    In reply to your query, as per your HTB application on record I trust this issue is now resolved. However, you should note your HTB application cannot progress as requested documentation remains outstanding.

    You should log onto you HTB application and check its status. Please ensure that all Income Tax returns have been filed and a Statement of Liability has issued for all years included in your HTB application.

    I have submitted a SOL and for 2017 and 2018 it says i owe a total of three cent. Do the revenue not contact you or am i missing something when i login?


  • Registered Users, Registered Users 2 Posts: 18,196 ✭✭✭✭Busi_Girl08


    Klopp wrote: »
    My joint application has not progressed. i called the revenue and was advised to submit my query online through the site and i got the below reply earlier.



    I have submitted a SOL and for 2017 and 2018 it says i owe a total of three cent. Do the revenue not contact you or am i missing something when i login?

    Are you able to get through to them on phone at all? Because 3c should absolutely be written off. Or have you tried to pay it off on the portal?


  • Registered Users, Registered Users 2 Posts: 21,253 ✭✭✭✭2smiggy


    sorry for which is probably a silly question , but maybe someone could give me a quick answer.

    I have planning permission granted, and will start a self build soon hopefully. Can the help to buy be applied for after the build has started, and after a mortgage has been approved ? I have yet to finalise the amount of my mortgage. As I will be building on land at home, the value of the house will probably exceed the 70% of the mortgage. All a bit up in the air really.


  • Registered Users Posts: 949 ✭✭✭Renjit


    2smiggy wrote: »
    sorry for which is probably a silly question , but maybe someone could give me a quick answer.

    I have planning permission granted, and will start a self build soon hopefully. Can the help to buy be applied for after the build has started, and after a mortgage has been approved ? I have yet to finalise the amount of my mortgage. As I will be building on land at home, the value of the house will probably exceed the 70% of the mortgage. All a bit up in the air really.

    Yeah, read the HTB guideline.
    https://www.revenue.ie/en/property/documents/htb-summary-applicants.pdf
    First-time self-build applicants
    - self-builds who have drawn down the first tranche of the mortgage between 1 January
    2017 and 31 December 2021.
    - self-builds who have drawn down the first tranche of the mortgage between 23 July
    2020 and 31 December 2020 are entitled to an ‘enhanced HTB relief’.


  • Registered Users Posts: 485 ✭✭Klopp


    Are you able to get through to them on phone at all? Because 3c should absolutely be written off. Or have you tried to pay it off on the portal?

    I got a reply back from the online 'My Enquirers i submitted and they said this won't affect my application but they didn't answer any of my other questions, the replies are so generic?


    I checked my partners 'Review your tax 2017-20 and selected 2018, she started a new job in December 2018, and here you can see the current Employer, all Gross income, Tax deducted, income for USC, etc. is all blank?

    When I go to edit it says to use the P60 for the end of 2018 but it looks wrong as she moved jobs?


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  • Registered Users Posts: 20 morawagin


    Hi all,

    Just wanted to highlight our situation in terms of Help To Buy and how it needs to be improved in relation to terms & conditions.

    We finally got to the stage that we came back to it and got our dream first time buyer new home ( ! ) mortgage loan approved at the 90% LTV ratio in summer last year.

    All great ! ....until end of Nov'20 when we got the call from PTSB ( one of 3 banks that we got approval from ) stating that if our employer is on support scheme ( EWSS - Employment Wage Subsidy Scheme ) we might have a issue and previous approval will have to be amended and cut down as in the due process it turned out that my employer ( hospitality industry ) is actually supported by the scheme but that wasn't reflected on my payslip, only thing that changed pay wise was the increase ( ! ) in salary due to our employer being able to secure long term state contract ( still ongoing and will continue )

    Worth mention that both me and my partner are on full-time, permanent contract re-issued during pandemic ( my partner also has other employment secured on permanent part-time bases )

    So coming back to the mortgage my income wasn't taken into account due to EWSS scheme which is ridiculous and unlogical in my opinion looking at the fact that following recent bank regulation changes, i could come back to full approval amount day after my company will go off the scheme ( how's that would make it more secure to them when i could be lay off in this industry if not for the long-term contract !!!! )

    Our loan was reduced below 70% LTV so now we won't be able to avail HTB relief which was approved in full amount available and scale in relation to house price

    I believe scheme was introduced to help first time buyers secure funds for deposit and in general boost the housing sector.

    Don't get me wrong, i could understand the idea behind introducing 70% LTV ratio required to cut off the cash buyers that have enough funds to secure the mortgage without the state help that could be transferred to more difficult cases...and we are that case !!! but can't get any support now due to new regulations and are left with difficult decisions to make leading up to more financial constrains.

    I believe the government, minister of housing should go back and review the scheme for current crazy times if they really won't to help the buyers....not the developers in the end run

    Please post your current cases in terms of mortgage, maybe someone was in similar situation

    Thanks and sorry for long one here..


  • Registered Users, Registered Users 2 Posts: 5,200 ✭✭✭muppetkiller


    HTB scheme finally approved here took 6 weeks.


  • Registered Users Posts: 199 ✭✭Bluebb993


    Applying for the HTB here. In my statement of liability from 2020 I had an underpayment of 200€, it says below that this will be taking from my credits over the next few years.

    Should this have any impact in my application as I seen a few people here saying they've had issues with a few cents not paid off over the years? Thanks


  • Registered Users, Registered Users 2 Posts: 1,988 ✭✭✭Monsieur Folie


    Bluebb993 wrote: »
    Applying for the HTB here. In my statement of liability from 2020 I had an underpayment of 200€, it says below that this will be taking from my credits over the next few years.

    Should this have any impact in my application as I seen a few people here saying they've had issues with a few cents not paid off over the years? Thanks

    Yes you will have to pay this off before they will approve your application.


  • Registered Users, Registered Users 2 Posts: 5,814 ✭✭✭This is it


    Applied end of January, approved yesterday, for anyone waiting.


  • Registered Users Posts: 199 ✭✭Bluebb993


    Renjit wrote: »
    Check you statement of liability and you can calculate based on taxes paid for last 4 years.


    Is this tax deducted without taking your tax credits into account?


  • Registered Users Posts: 277 ✭✭Jasna1982


    Bluebb993 wrote: »
    Applying for the HTB here. In my statement of liability from 2020 I had an underpayment of 200€, it says below that this will be taking from my credits over the next few years.

    Should this have any impact in my application as I seen a few people here saying they've had issues with a few cents not paid off over the years? Thanks

    Yes, they won’t approve you with an outstanding balance. You can make a payment in full on the Revenue website

    Use my Tesla referral link for free charging credits: https://www.tesla.com/referral/jasna121868



  • Registered Users, Registered Users 2 Posts: 2,641 ✭✭✭kev_s88


    we got our approval today after 3 weeks of waiting :D

    We were a bit surprised to get the approval with no hassle as the OH had an underpayment in 2017 of €25 but it looks like Revenue incorporated the clawback of the underpayment into Tax Credits for the next 4 years, along with any outstanding tax from the TWSS. So they weren't looking for any payment of the outstanding amounts.

    We had been waiting 2 weeks or so and, just out of interest, decided to raise an enquiry with Revenue for an update last Thursday. We then both got our emails this afternoon to confirm it as approved.

    Definitely worth sending in an enquiry if you haven't heard anything

    Now we just have to wait for construction to begin again :(


  • Registered Users Posts: 199 ✭✭Bluebb993


    Jasna1982 wrote: »
    Yes, they won’t approve you with an outstanding balance. You can make a payment in full on the Revenue website


    Thanks for that, cleared it earlier today.


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  • Registered Users Posts: 2 mellieb


    Has anyone's application just been deleted off the system?? my application was stuck at the "under review" stage for at least three weeks.

    Under manage my tax for 2021 it was displaying that my profile required updating, so I put in my current address which lines up with the address on my payroll thinking nothing of it.....

    I have been logging in everyday to check for any updates and suddenly today my application is gone, no trace, had to start it from scratch. Beyond annoyed.

    As if it isn't already difficult enough trying to get an exception on your own and then secure a spot in a new development without this being added into the struggle.

    has this happened to anyone else? any advice??


  • Closed Accounts Posts: 222 ✭✭Batattackrat


    I'm a bit confused with some parts of the application.

    1)Under Financial history and commitments there is a section
    "Have you ever had a loan or made a previous application to any other lending agency". "Please give details"
    I have had car loans and stuff in the past but currently have no debt whatsoever. Do I have to put old car loans in here.

    2) Under "details of property to mortgaged" I have no clue what house I am going to buy. Do I just leave this blank and under loan amount do I just put maximum which is what I want?

    3) Under contact details for Solicitor it's looking for solicitor, do I just leave this blank as well for the moment until approved.

    Many thanks folks. I'm a bit confused.


    Thanks folks.


  • Moderators, Sports Moderators Posts: 20,366 Mod ✭✭✭✭RacoonQueen


    Bluebb993 wrote: »
    Applying for the HTB here. In my statement of liability from 2020 I had an underpayment of 200€, it says below that this will be taking from my credits over the next few years.

    Should this have any impact in my application as I seen a few people here saying they've had issues with a few cents not paid off over the years? Thanks

    Was wondering about this too as I was just looking at putting in my application the other day. Annoying if subsidy impacts it :(

    edit: according to this article in January mine doesn't. I owe close to 3k due to subsidy so wasn't fancying paying that back now when I don't even know if I will even go for a new build! :pac:
    https://www.irishexaminer.com/news/arid-40205444.html


  • Registered Users, Registered Users 2 Posts: 2,641 ✭✭✭kev_s88


    Was wondering about this too as I was just looking at putting in my application the other day. Annoying if subsidy impacts it :(

    edit: according to this article in January mine doesn't. I owe close to 3k due to subsidy so wasn't fancying paying that back now when I don't even know if I will even go for a new build! :pac:
    https://www.irishexaminer.com/news/arid-40205444.html

    The wage subsidy doesn't affect your approval. Me and OH both still have outstanding amounts due to the TWSS and got our approval during the week


  • Moderators, Sports Moderators Posts: 20,366 Mod ✭✭✭✭RacoonQueen


    kev_s88 wrote: »
    The wage subsidy doesn't affect your approval. Me and OH both still have outstanding amounts due to the TWSS and got our approval during the week

    Thanks, I didn't think it would, just paniced as assumed person I quoted was oweing in 2020 due to wage subsidy but that may not have been the case. :o


  • Registered Users Posts: 13 NewHouse2021


    Hi everyone, is there a way of telling whether the developer has received the funds from your profile? I can’t actually see anything that can tell either way?


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  • Registered Users Posts: 2 januskaizar20


    Hi. I just want to enquire regarding availing the "help to buy scheme". Ive read some articles regarding the scheme that it is not a good scheme to avail for long term as the interest rates might go up and the price of the house your going to buy is not fixed. Most of the articles ive read as based on the UK. Im not sure as this is the same here in Ireland. Im sure it is a good way to use this scheme to buy a home much faster. But im not sure if this is a good idea in the long term. I just want to ask if the help to buy money the government will provide you is a loan or is it a tax rebate that you wont have to pay back.

    In articles of help to buy in the UK, you will not have interest for the first 5 years. Then the interest rate will go up in the succeeding years. Im not sure about it here in Ireland.
    Thanks


  • Registered Users Posts: 20 phd


    Hi. I just want to enquire regarding availing the "help to buy scheme". Ive read some articles regarding the scheme that it is not a good scheme to avail for long term as the interest rates might go up and the price of the house your going to buy is not fixed. Most of the articles ive read as based on the UK. Im not sure as this is the same here in Ireland. Im sure it is a good way to use this scheme to buy a home much faster. But im not sure if this is a good idea in the long term. I just want to ask if the help to buy money the government will provide you is a loan or is it a tax rebate that you wont have to pay back.

    In articles of help to buy in the UK, you will not have interest for the first 5 years. Then the interest rate will go up in the succeeding years. Im not sure about it here in Ireland.
    Thanks

    It's a tax rebate. You don't pay it back. We used the scheme back in 2017. No downside whatsoever.


  • Registered Users Posts: 2 januskaizar20


    phd wrote: »
    It's a tax rebate. You don't pay it back. We used the scheme back in 2017. No downside whatsoever.


    januskaizar20's Avatar

    Join Date: Apr 2021
    Posts: 2
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    Thank you very much for the clarification. Hopefully they would extend it next year because as of now we are still saving up just in case the money isnt enough. Thanks


  • Registered Users Posts: 16 conal08


    Hi, couple of queries:
    1. Current completion date for the property is October or November 2021. If something goes wrong or there's another delay in construction which pushes the completion date out to early 2022, do we still receive the money we qualified for this year or would it depend on whether the government extends the scheme?
    2. We are to pay 10% in cash up front for the deposit. When does the developer receive the money we qualify for from the HTB in order to then refund us?
    Thanks!


  • Registered Users Posts: 3,157 ✭✭✭Markitron


    conal08 wrote: »
    Hi, couple of queries:
    1. Current completion date for the property is October or November 2021. If something goes wrong or there's another delay in construction which pushes the completion date out to early 2022, do we still receive the money we qualified for this year or would it depend on whether the government extends the scheme?
    2. We are to pay 10% in cash up front for the deposit. When does the developer receive the money we qualify for from the HTB in order to then refund us?
    Thanks!

    Can't help you with the first one, but the developer will keep whatever you already gave them AND the money from HTB and take them off the total of the house. When you go to draw down the mortgage there will be an excess left over and you get it back then.


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  • Registered Users, Registered Users 2 Posts: 973 ✭✭✭Pete123456


    conal08 wrote: »
    Hi, couple of queries:
    1. Current completion date for the property is October or November 2021. If something goes wrong or there's another delay in construction which pushes the completion date out to early 2022, do we still receive the money we qualified for this year or would it depend on whether the government extends the scheme?
    2. We are to pay 10% in cash up front for the deposit. When does the developer receive the money we qualify for from the HTB in order to then refund us?
    Thanks!

    The HTB is claimed based on the date contracts are signed usually, So if you have signed contracts this year you should be safe - revenue usually look for the build to be completed within 2 years or justification given for longer it seems.


  • Registered Users, Registered Users 2 Posts: 49 Alwandy


    Hi,
    I'm in the process on looking at buying a property. I had a call with my branch for the mortgage and they said with the new enhanced relief mortgage (10%) it can cover my full deposit and the savings I've saved up so far can be used for stamp duty solicitor fees etc.. Is this true? Or will it only cover 5% of the property?


  • Registered Users, Registered Users 2 Posts: 973 ✭✭✭Pete123456


    Alwandy wrote: »
    Hi,
    I'm in the process on looking at buying a property. I had a call with my branch for the mortgage and they said with the new enhanced relief mortgage (10%) it can cover my full deposit and the savings I've saved up so far can be used for stamp duty solicitor fees etc.. Is this true? Or will it only cover 5% of the property?

    It’s true.


  • Registered Users Posts: 21 sandman1212


    Alwandy wrote: »
    Hi,
    I'm in the process on looking at buying a property. I had a call with my branch for the mortgage and they said with the new enhanced relief mortgage (10%) it can cover my full deposit and the savings I've saved up so far can be used for stamp duty solicitor fees etc.. Is this true? Or will it only cover 5% of the property?

    It’s true if you get approval for the full amount (this depends on the tax you’ve paid in the last 4 years) AND sign contracts before 31 Dec this year.


  • Registered Users, Registered Users 2 Posts: 49 Alwandy


    It’s true if you get approval for the full amount (this depends on the tax you’ve paid in the last 4 years) AND sign contracts before 31 Dec this year.


    Thank you & Pete123456 for the response, past 4 years I've had earning above 80k so hopefully it will cover it. When you say signing the contract, do the house have to be finished built? I have a few properties I am looking at but they're not planning to be done until early 2022 :(


  • Registered Users, Registered Users 2 Posts: 4,767 ✭✭✭GingerLily


    Alwandy wrote: »
    Thank you & Pete123456 for the response, past 4 years I've had earning above 80k so hopefully it will cover it. When you say signing the contract, do the house have to be finished built? I have a few properties I am looking at but they're not planning to be done until early 2022 :(

    You typically sign contracts and pay your deposit (10%) a few weeks after putting down your booking deposit. You'll need your loan pack from the bank approved, an initial valuation and solicitor engaged at this stage but the house won't be finished.


  • Moderators, Sports Moderators Posts: 20,366 Mod ✭✭✭✭RacoonQueen


    I've just got my P21 back for 2017...I owe 2 cent. Do I really have to pay this for my HTB application??


  • Registered Users, Registered Users 2 Posts: 18,196 ✭✭✭✭Busi_Girl08


    I've just got my P21 back for 2017...I owe 2 cent. Do I really have to pay this for my HTB application??

    Nah they'd ignore/discount that as a rounding issue most likely. It might delay the application slightly as they check it though.


  • Registered Users Posts: 41 Whodanoob


    If you get the htb and pay off the complete mortgage within 5 years, and then sell the house, do you still have to pay back some of the htb? Just out of curiosity.


  • Registered Users Posts: 3,157 ✭✭✭Markitron


    Whodanoob wrote: »
    If you get the htb and pay off the complete mortgage within 5 years, and then sell the house, do you still have to pay back some of the htb? Just out of curiosity.

    I think it depends on how soon you do it. If its the first year you pay back more than you would if it was the 5th year.


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