janeybaby wrote: » Has anybody successfully had a clause referencing the HTB scheme inserted into their contracts? We are supposed to be signing this week but developers solicitors have refused to include any clause even a loose one that benefits both parties which is highly concerning.
sinella09 wrote: » I have, we had to have new contracts issued to include HTB
sinella09 wrote: » I got a mail confirming my HTB claim has been approved and funds will be transferred to developer in 5 working days, does anyone know will I receive notification once the funds have been transferred?
sibersha wrote: » Does anyone know how long it takes for the builder/contractor to appear on the qualifying contractors list? I have been told that their documents were submitted nearly two weeks ago but still no sign of their name appearing on the list.
sibersha wrote: » Anyone know anything about the above? Developer said it can take 6 weeks (it's been 4 weeks now). I was concerned as the deadline is fast approaching, however revenue confirmed on the phone that as my application is approved and is just waiting on confirmation from the builder it won't be affected. That being said having spoke with various people from the revenue it's hard to take anything they say as gospel because you can get different information depending on who you are speaking to.
bigpete32 wrote: » The contractors solicitors normally date the contract when they sign it. So in all likelihood it will be dated this year but you wont know till they send you the contract.
metricspaces wrote: » Is anyone simply paying their 10% deposit out of their own funds, and telling the builder that the remaining 90% will made up of 5% from Revenue and 85% from yourself? In this scenario, is there any point or need to add something to the contract that refers to HTB scheme?
bigpete32 wrote: » Yeah I think it's a requirement from the revenue. Not 100% but we had to change our contract
metricspaces wrote: » You were paying the 10% deposit yourself and using the 5% to pay the remainder on completion? What exactly did you have to change in your contract? I have not read any information from Revenue that mentions anything to say the contract must reference HTB.
bigpete32 wrote: » You are correct, But i wanted to use the 5% rebate to to pay to fit out the house, thats my issue, I am currently negotiating with the contractor to get him to refund me that part of my deposit. In relation to the contract, as soon as I mentioned the HTB to the solicitor het want back to contractors to have it inserted in the the contract. I would imagine from your own point of view you would want the contract to reflect the HTB especially as you are signing that money over to the contractor. Sorry if I gave the wrong info in relation to the revenue, Just what my solicitor said.
ec18 wrote: » Revenue don't require HTB in the contract, but if the clause isn't inserted and something were to go wrong with the application you would be liable to pay the full amount (purchase price of the house)
janeybaby wrote: » Would really appreciate if anybody could advise what clause was added to referencing HTB to their contract?
SMF17 wrote: » This has probably been covered already but I'm a bit confused - am I right in thinking people have to put down the full 10% deposit themselves and the rebate follows? I thought the whole idea was to help with/put towards deposit? Excuse me if I've got this totally wrong and dragging up old news!
RootX wrote: » SMF17 wrote: » This has probably been covered already but I'm a bit confused - am I right in thinking people have to put down the full 10% deposit themselves and the rebate follows? I thought the whole idea was to help with/put towards deposit? Excuse me if I've got this totally wrong and dragging up old news! You're supposed to put down the balance, full deposit minus the Revenue rebate. The rebate is paid directly to the contractor so if everybody is onboard with how the process is outlined and supposed to work, you are not supposed to pay the full 10%.
RootX wrote: » You're supposed to put down the balance, full deposit minus the Revenue rebate. The rebate is paid directly to the contractor so if everybody is onboard with how the process is outlined and supposed to work, you are not supposed to pay the full 10%.
SMF17 wrote: » RootX - cheers for that! Now if only the two developers we have looked at so far were registered :sick:
Jellybaby17 wrote: » Our builder wants the full 10% deposit from us upfront and we can claim rebate later How are we meant to do that?
