tbayers wrote: » Did you sign your contracts before the 19th of July. If so im afraid you won't qualify. Which I find to be ridiculousness, surely it should be the day the house is finalised, ie the day you move into the house! We were lucky, we signed the contracts on the 22nd of July, very close!
siobhan1983 wrote: » Auburn_ wrote: » Really??! Ok, it's kinda misleading then when Revenue say your access code and your application code needs to be sent onto your building contractor as well as your mortgage provider!! I'll double check this with my mortgage advisor. They are meant to ring me back in the next few days. Thanks for the heads up Just to let you know I spoke to a lady this evening about it. My application as a retrospective buyer has gone through and I'm at that stage too. She rang me and told me that there are a few files that hadn't gotten through the help section. I had uploaded contracts etc and gotten codes. My solicitor ensured me that I qualified as I didn't draw down mortgage until August for a new build purchase. Now she is telling me I won't qualify as I signed contract before July! Whole process is so misleading that my solicitor who has been excellent throughout was positive I qualified for it. Now they are changing details or going back on what they have said. I'm really upset over it all evening as I was sure I met all the criteria. There definitions and cut offs seem to be changing and interpreting them differently. So frustrating now after having multiple correspondence with them and going through the whole lot so far.
Auburn_ wrote: » Really??! Ok, it's kinda misleading then when Revenue say your access code and your application code needs to be sent onto your building contractor as well as your mortgage provider!! I'll double check this with my mortgage advisor. They are meant to ring me back in the next few days. Thanks for the heads up
Pheonix10 wrote: » Does any one know if you are saving as a couple can you both get tax rebates? As in if you both had 20k paid in income tax each would you get 40k as a rebate?
morrga wrote: » Banks only gets involved if self build.
Arse Biscuits wrote: » Thanks for your post How long did it take you for them to reply to say your application has gone through after submitting the P21's and getting your application and access code? As i've applied at the weekend and haven't heard anything from them yet. Thanks In Advance
Auburn_ wrote: » They need the access code and the application code to verify how much the maximum is that you can get on the rebate.
metricspaces wrote: » What does your mortgage provider have to do?
Auburn_ wrote: » Hi all, just want to summarise the steps that we have gone through. As a previous blogger mentioned the Revenue guys are really helpful but you just have to battle through a couple of minutes of having a conversation with an automated voice with you slowly calling your PPS number and the robot not having a clue what you are saying at all...after that (2-3min) the revenue guys are really helpful Ok here are the steps we took; 1. Check the site revenue site to see if your building contractor is on the list. If they are not (like they weren't for us) get in contact with them asap and ask them if they could contact Revenue and start the process of becoming a "qualified contractor under the Help to Buy Scheme". This took a good few weeks for us so start here and by the time you get further down the process it won't be your building contractor holding you up! 2. Submit your P12 forms. You will need your P60 forms for the years that you want to submit. It is pretty easy as it is an electronic method from 2013 onwards. 3.There is a choice of selecting a max of 4 previous year to use your P12 forms for (This form basically makes sure that you have been paying the tax that you should have been paying). From clarifying with Revenue this is a max of 4 years and a min of 1 year i.e. Just select eg 2015 only and start the application process. **You do not have to select more than one year!** 4. You will have to submit a P21 (basically saying that you are 100% fine with the tax back for rent allowance, medical expenses etc) for the year(s) that you have chosen above. Instructions are on the revenue site. Here I had a few medical receipts that I hadn't submitted yet so I just decided to cut my loses and not waste more time on submitting them now and I just said I was grand with the medical expenses that I submitted for the year that we selected. 5. Keep an eye on your emails and check your revenue account every so often. They will let you know when your application has gone through. With this they will give you an access code and an application code 6. Contract the contractors who built your house and also your mortgage provider and provide them with the access code and the application code. Our mortgage provider are now holding us up at this point because after 2 weeks they had not progressed with our HTB codes. So I'd suggest here to keep on their backs a little bit to make sure they do. They didn't even know that they needed to do anything with the scheme so prepare to educate others are you go through this process (hence my post here today ) 7. You will then still need to check your revenue account (they didn't send us an email on the next step) when you will be asked to submit your contract. Now this is the step that I am on. I am assuming that they mean our mortgage contract so I'll figure out how to submit that later on today. Ps I tried to put in urls above but because I'm a new user they wouldn't let me post em up! My questions for you guys are... Has anyone progressed past this step? Any tips on how to submit a contract via my enquiries as I didn't see a way of doing it this morning! Thanks
CramCycle wrote: » I uploaded all mine on the one enquiry, if it makes it easier.
morrga wrote: » Select choose file at the bottom which will allow you chose a document saved on your PC. Go to desktop, select contract and press open. Repeat process if uploading mortgage offer letter and or solicitor letter. Once you have loaded files press submit enquiry.
Auburn_ wrote: » Any tips on how to submit a contract via my enquiries as I didn't see a way of doing it this morning! Thanks
Auburn_ wrote: » Our mortgage provider are now holding us up at this point because after 2 weeks they had not progressed with our HTB codes. So I'd suggest here to keep on their backs a little bit to make sure they do. They didn't even know that they needed to do anything with the scheme so prepare to educate others are you go through this process (hence my post here today )
Blingy wrote: » @Auburn Thanks for your detailed post. I would have thought the contracts required by revenue were the contracts for the house from the vendor and not the mortgage documents. Not 100% sure tho.
Lili88 wrote: » In case this helps anyone ..... My application will not let me go any further at the moment. It is telling me that I have not filed my form 12's even though I have (and revenue can confirm over the phone that I have too) I rang again yesterday and was told I have an underpayment of €1 and although it does not tell me online or by post, the only way to go any further on the HTC application is to pay that €1. I have rang up and paid it and hoping everything will be sorted Monday
youcancallmeal wrote: » Very first line on the help to buy article on revenue.ie "The Help to Buy incentive is designed to assist first-time buyers with obtaining the deposit required to purchase or self-build a new house or apartment to live in as their home."
metricspaces wrote: » Exactly my point - the 5% is going to the builder either way. Whether the builder gets it as part of the 10% deposit or as part of the 90% outstanding balance, it makes no difference to the house buyer. The house buyer completing sale in 2017 will never get the 5% from Revenue. There have been suggestions on here that if you complete sale of house in 2017 and then apply to Revenue for the HTB that Revenue will give the 5% to the house buyer. There is no formal information from Revenue to suggest this. You would have to assume that if you do not apply for HTB during the sale process and 5% does not go to the builder that you have lost this 5%.
metricspaces wrote: » Why is everyone linking this to the deposit? You have to pay for 100% of the house. You have paid 10% in deposit to the builder. You now owe 90% to the builder. Assuming you are getting a mortgage for the 90%...just reduce your mortgage by 5% to 85%. Builder gets remaining 5% from Revenue. Problem solved?
AGUSIA1 wrote: » 100% correct Athtrasna.
athtrasna wrote: » That only works for retrospective applications though. For new purchases the money is paid direct to the developer.
AGUSIA1 wrote: » A lot of people are planning on using this 5% to furnish the house, reducing the mortgage by 5% won't do this. The 5% is there to help people save for a deposit, id imagine thats why people are linking the two.
