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Help to buy

sReq | uTeK · 2020-11-16 17:14:10

I am just amazed that HTB has a duration of 5 years. I mean what if something happens in those 5 years that means you have to take a job in an alternate country or county and you NEED to rent the house in order to cover the mortgage so you don't pay. I am in a position whereby im thinking of a HTB house but im actually…

16-11-2020 06:14PM

#1

sReq | uTeK

Registered Users, Registered Users 2 Posts: 6,062 ✭✭✭

Join Date: May 2003

Posts: 5910

I am just amazed that HTB has a duration of 5 years. I mean what if something happens in those 5 years that means you have to take a job in an alternate country or county and you NEED to rent the house in order to cover the mortgage so you don't pay.

I am in a position whereby im thinking of a HTB house but im actually thinking to use my own cash for the deposit rather than be forced to stay for 5 years even if something "bad" happened.

Is there anyway to take down the 5 year living duration?

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Comments

#2 05-12-2020 10:57PM

Len_007

Registered Users, Registered Users 2 Posts: 599 ✭✭✭

Join Date: April 2003

Posts: 557

In the same boat as you. The amount of relief we will potentially get is actually quite low, wondering if it's worth it after all given that we won't be able to move until 5 years are up

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