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Help to Buy

  • 07-01-2017 10:47pm
    #1
    Lima Golf
    Registered Users, Registered Users 2 Posts: 795 ✭✭✭


    Hi I'm going to look at a new build house and I'm a fist time buyer. There are a few houses in this estate unfinished (weatherproof but unfinished inside) as far as I know the developer still owns them and they haven't gone to the bank yet. I know I will qualify under the scheme but does the developer also have to qualify. Do his taxes have to be up to date (I would doubt they are) and does he have to register with revenue for me to get the payment as I have to provide his details? Or if the bank owns them are they still considered a new build as no one has owned them as a residence? Any advice would be appreciated. I'm so confused reading about it.


Comments

  • #2
    Dublingirl80
    Closed Accounts Posts: 244 ✭✭Dublingirl80


    Also wondering how this works, does it count as a new development if it's been built some time ago? Aka 15 years and rented out? (Whole development)
    Lima Golf wrote: »
    Hi I'm going to look at a new build house and I'm a fist time buyer. There are a few houses in this estate unfinished (weatherproof but unfinished inside) as far as I know the developer still owns them and they haven't gone to the bank yet. I know I will qualify under the scheme but does the developer also have to qualify. Do his taxes have to be up to date (I would doubt they are) and does he have to register with revenue for me to get the payment as I have to provide his details? Or if the bank owns them are they still considered a new build as no one has owned them as a residence? Any advice would be appreciated. I'm so confused reading about it.


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