ShogunWarrior wrote: » @cronos Our builder Aspect Developments did their part in that they're an approved contractor (the only one currently). They said they submitted back in early December. I've sent them our application code and access code for Stage 2 (presumably they'll need it to verify our claim). We signed contracts in November '16 and we've accepted the loan offer, but haven't yet provided the bank (KBC) with the application and access codes.
ShogunWarrior wrote: » Got approved earlier today but couldn't find anywhere in ROS to submit the Claim (Stage 2) and the revenue.ie website didn't offer any detail either. Called Revenue and by the time they got back to me they'd added a new section to the website, "Important notice for Retrospective Customers (purchased/self-built between 19 July 2016 and 31 December 2016) who have completed their applicant stage.":http://www.revenue.ie/en/tax/it/reliefs/htb/index.html TL/DR: Submit your claim through My Enquiries if you're approved and ready to claim.
andreip wrote: » I can see application code, but what is my access code, the PPS number when I'm using to login? Second, I'm looking to buy the house together with my wife, but she is unemployed, so zero taxes in last years, I still need to apply for HTB scheme as group, myself & mywife, as the contract and mortgage are signed for married couple? Or it's sufficient to apply for HTB as single even the contract is for both? And if I apply for HTB group, it's sufficient to mention my wife only or she needs revenue online account to be able to join to our HTB group? Many thanks for your answers!
cronos wrote: » Anyone heard back from their builder or morgage provider yet? Assuming you gave them the application code and access code? I'm curious if they even know what they should be doing with it.
louise1985 wrote: » Can someone tell me if you are in a group i.e. A couple, must both parties go in and register for the help to buy or is it just one person and the other accepts to be part of the group and that is sufficient. I registered both myself and my other half my application has given me an application code and states it under review whereas my other halfs states that is is pending and shows that it is awaiting for me to confirm membership. TIA
morrga wrote: » Both parties have to seperarely log in and apply, but apply as a group. I too am having trouble joining our apps into one group as it keeps saying each of our memberships are awaiting the other but I can't find where to confirm acceptance into the group. Anyone any idea?
CruelCoin wrote: » You're also not using a realistic scenario. Someone who is only able to get a mortgage of 105k isn't going to be able to rent a buy a comparable home anywhere near an area with €1500 rents. If they're unwilling to rent in a cheaper area then its unlikely they'd move for cheaper houses.... If they truly wanted the house, they'd bite the bullet, move to a cheaper area, put up with not being in the city and save. The very fact they're unwilling to do this, and do the necessary shows how unsuitable they are for home ownership.
StupidLikeAFox wrote: » Im not sure you are outlining a realistic scenario. If you are earning €30k your take home pay is €2k net per month. Lets say you are paying 1.5k rent per month, can't afford to save so you have a proven repayment capacity of 1.5k in the banks eyes. Because you are only on €30k your max mortgage amount is only going to be €105k. You can easily afford to repay a mortgage of this amount (and then some) but you are not able to save for the deposit - which is where this scheme comes in. You are making the assumption that if you can't save you can't pay back the mortgage, I was making the point that once you have the deposit the banks will still need to be prudent around repayment capacity
MissElle wrote: » Quick question, when we signed contracts we only paid 10k and not the full 10% (17K in total with the booking fee). Can I still apply for the scheme now or do I need to wait until we pay the rest (i.e. draw down in April?)
Utah wrote: » Going to start the process tomorrow. We bought in November. Will we be getting a tax credit or a refund lump sum?!
CruelCoin wrote: » Great! You can repay the mortgage. But in the event the boiler fails, the roof comes in, the anything, you have zero capability to cope with that scenario. Making people save for their deposits weeds out people with financial situations so precarious.... You don't see the risk in this?
sibersha wrote: » Application has been "Under Review" since yesterday. Anyone else taking this long? All we've done so far is select our tax years to be used and no option to do anything else.
StupidLikeAFox wrote: » You still have to prove repayment capacity to the bank
CruelCoin wrote: » It's nothing about speed. It's about enabling people who are unable to save and pay rent at the same time. If you have no buffer, none, and no capability of building one, then you have no business in being considered for a mortgage. What if you're out sick for a few weeks? What if, what if. These are precisely the kind of people who can't afford a home in the real world, and precisely the kind of people who led to the last sub-prime catastrophe. <mod snip>
Michael D Not Higgins wrote: » This scheme doesn't extend additional credit to those who can't afford it. It merely allows them to get that credit quicker. And for those with a deposit saved already, it reduces their principal with the 5% top-up.
CruelCoin wrote: » It's also reckless and very short-sighted. It forgets the very foundation of the bubble: that people who could not afford homes were launched into them. This is just the government caving to public pressure and paving the way for bubble 2.0
Michael D Not Higgins wrote: » That example is exactly the type of borrower the government were targeting. People have been complaining to the government since the introduction of the mortgage lending rules about not being able to save the deposit and pay rent at the same time. This is a workaround measure for those people.
