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Help to Buy Initiative

  • 03-01-2017 10:59am
    #1
    m1b2k3
    Registered Users, Registered Users 2 Posts: 54 ✭✭


    Hi there, just wondering if anyone knows for a self build, do you apply for the incentive once the build is complete? Or at what point should you apply?


Comments

  • #2
    mjp
    Registered Users, Registered Users 2 Posts: 1,011 ✭✭✭mjp


    After drawdown of first stage payment as far as I know. Mortgage has to be over 70% LTV rate to the value which bank's assessor values the build on completion.


  • #3
    GLENNFALLON
    Registered Users, Registered Users 2 Posts: 37 ✭GLENNFALLON


    Hi. I took my first drawdown in June, still have more to do. Will I qualify??


  • #4
    mike_2009
    Registered Users, Registered Users 2 Posts: 544 ✭✭✭mike_2009


    Hi,
    You can apply now to get approval via the Paye Anytime website - you complete a few form 12's and you're set. There's a new area on Anytime you'll see related to help to buy when you log in.
    Then stage 2 happens when you're heading for the build itself. The contractor has to be registered with the scheme. There's further guidance on the revenue website:
    http://www.revenue.ie/en/tax/it/reliefs/htb/index.html
    http://www.revenue.ie/en/tax/it/reliefs/htb/htb-applicant-guide.html
    I don't believe you qualify if you've signed the contract before July 19th 2016.....and self-builds appear to be limited to January 2017 onwards only.....


  • #5
    a_noodle_jenny
    Registered Users, Registered Users 2 Posts: 136 ✭✭a_noodle_jenny


    It seems the rules are changing as the time goes on? A lot of people could in truth be thrilled and on other hand many families and FTBers be very let down by these stipulations. The devil is in the detail - as it happens this might actually be good for us in our build... but I'm not counting on it until a refund is given...


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