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First time buyer incentive

  • 28-09-2019 7:03pm
    #1
    worlds goodest teecher
    Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭


    What first time buyer incentives, if any, are available at the minute for refurbishment. Currently sale agreed on a second hand house.


Comments

  • #2
    Sarn
    Registered Users, Registered Users 2 Posts: 3,109 ✭✭✭Sarn


    Just the SEAI grants.


  • #3
    worlds goodest teecher
    Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭worlds goodest teecher


    Sarn wrote: »
    Just the SEAI grants.

    That’s what I was thinking.

    Your bank approves you a mortgage for the value of the house and your income. We just about managed to go sale agreed on a house in the location that we want but that’s it. Very little money for furniture and kitchen never mind refurb. We had to grab the opportunity to live in a place we want to live. That said the price was very reasonable for where it is and the money we are paying wouldn’t get us a whole lot more elsewhere. We are just going to buy furniture, etc from places doing 0% credit.

    A first time buyer grant for help to refurbish would be helpful. I live in a town with over 20,000 people and I don’t know of a single housing estate under construction within a 10km radius. So no other choice but to buy second hand.


  • #4
    heebusjeebus
    Registered Users, Registered Users 2 Posts: 3,783 ✭✭✭heebusjeebus


    We had to get a loan to pay for our extensive refurbishment. Once done, we revalued and remortgaged. The home improvement loan was paid off by the equity release.


  • #5
    worlds goodest teecher
    Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭worlds goodest teecher


    heebusjeebus wrote: »
    We had to get a loan to pay for our extensive refurbishment. Once done, we revalued and remortgaged. The home improvement loan was paid off by the equity release.

    I don’t think that we have an option to remortgage until our 5 year fixed is up.


  • #6
    heebusjeebus
    Registered Users, Registered Users 2 Posts: 3,783 ✭✭✭heebusjeebus


    worlds goodest teecher wrote: »
    I don’t think that we have an option to remortgage until our 5 year fixed is up.

    You can break it after a year but will incur a cost.
    We went to PTSB and the 2% cashback they offered well took care of the breakage fee.


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  • #7
    Capra
    Registered Users, Registered Users 2 Posts: 205 ✭✭Capra


    Does this mean you can't get a first time buyers incentive for a second hand house? Are there other grants available for new builds?


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