*FireCracker* wrote: » Thanks for that, will have a think. What value are Revenue using for LTV? The purchase price or what my bank's valuer comes up with?
sightband wrote: » just in your case as it’s a new build, you could ask the builder to reduce the price by leaving some finishings undone, it’s not unusual that a new build buyer would request the kitchen remain incomplete as they want to design their own. it will reduce the price and may put you into the 70% LTV ratio. you’d need to do the math and would probably only be worth the hassle it if you could get the full 20k
*FireCracker* wrote: » Not in a dissimilar situation here. Hoping to buy a new build and realised today we're actually ever so slightly shy of a 70% LTV. Have asked the bank if they'll increase the loan amount by the difference so that we can avail of the HTB but I'd be surprised if they agree. Looks like we're going to miss out on it. Can you borrow for any finishing ? Boundary fencing, paving etc. Or your CC development contribution?
elkido9 wrote: » Hi all. I'm self building at the moment (hardwalling at present)and I've tried to avail of the h2b scheme but the bank has valued my finished property ridiculously high. Basically my loan to value works out at 0.693% which is annoyingly just short of the 70 needed. Now I've not bothered with the garage for now so I thought the bank would be understanding and get their valuer to drop the finished project valuation a tiny bit. But having spoken to the revenue, bank, the valuer, mortgage advisor, solicitor and an accountant at this point it seems nobody is either willing or able to help me. Anyone in the same boat or have any ideas?
*FireCracker* wrote: » Has anyone updated a currently valid application to include 2017 instead of 2013? Is it a case of cancelling my current application and doing a new one from scratch?
sightband wrote: » the only reason it hasn’t been taken away is to save face on yet another cock up decision of theirs, Coveney’s to be specific. That’s why I say it won’t see out it’s full term in its current form, I think they will alter the criteria. I’m glad it genuinely worked out for you and was used as intended. i’m very dubious about that being the case for the majority and prices did increase in line with the scheme. we got it also and didn’t need it, the only thing it Helped To Buy was a bunch of useless s*it my wife got for the house that we really didn’t need.
sightband wrote: » https://www.independent.ie/business/personal-finance/property-mortgages/revealed-firsttime-buyers-use-tax-refund-to-purchase-450000plus-houses-36562749.html Can’t see this scheme seeing it’s full term out, at least in its current form.
GingerLily wrote: » I don't know, it might be more unpopular to take it away? Happy I got it though, I wouldn't have been able to get my house otherwise
goofy141 wrote: » If I have paid over €20k in in income tax in 2017, should I base my application only on that year?
sticksman wrote: » I am doing a self build and have my claim number. What is the next step I have to do? Thanks
For all self-build projects, once the application is approved by Revenue, the money will be sent to your account. There is no question of it being allocated otherwise – such as to top off your mortgage.
Aaron15 wrote: » Sorry I should have been more specific it says my claim has been verified by my building contractor, and my refund will issue in 5 working days, but it's 8 or 9 days later and the same message is still there, should it tell me if the money has been tranfered to them?
sdssarah wrote: » That's weird, once I did the claim I just got the Claim reference number instantly on screen and into MyEnquiries. The builder needs that code to make the claim on their side. Once you send them the code it's up to them to complete the claim on their end, they have to fill in a form, etc - I don't remember seeing any message about number of working days from Revenue when we made our claim and I don't see it on either of the emails they sent us to MyEnquiries, but I've done everything I need to do, the rest is up to the builders to get their money. Maybe call Revenue to clarify the situation?
Aaron15 wrote: » I've put in my claim for HTB and it came back saying that the builder will be paid within 5 working days, that was 8 working days ago, is that always the case? Is still saying he will recieve payment within 5 working days
Angandbar wrote: » Hi, Need some advice. We've been approved for the Help To Buy scheme. Our contractor is registered and we have provided our access codes etc to the solicitors We signed contracts last week and paid 5% deposit to our solicitor. The contractors solicitors has now reverted to say they do not accept the Help To Buy scheme for deposits and the the amount Will be deducted from thhe amount due at closing. Has anyone else has this issue? It appears to defeat the purpose of the scheme given it is meant to help first time buyers with affording deposits.
captaincool wrote: » Estate Agent has given 21 days only for us to sign contracts, pay deposit and have HTB details (access code, equity entitlement) sent back to them. I mean, how many days until Revenue confirm your [font=arial, sans-serif]Application Number, Access Code and Equity Entitlement information? [/font] I should be clear for the previous years already. Thanks!
GingerLily wrote: » captaincool wrote: » Thanks for reply. Makes sense. Wife will have p60 this week so we should be ok with my 15', 16' and her 15', 16' and 17' entitlements together for HTB, so I think that's what we will do. I understand a tax rebate vs HTB. The rep on the phone said specifically that HTB would be rebated to my bank account. This seems to go against most of the other info I've got on this so far. Any idea what turn around time is once we've p60's submitted? To need to get tax clearance, which includes filing all your medical expenses etc. It took me 24/48 hours from filling out my P21 online to being able to progress with my application. The developer gets the HTB money, not you (for a new build rather then self build), the money doesn't go into your account. The 21 days notice is usual for the White goods, are you sure its not 56 days to sign?
captaincool wrote: » Thanks for reply. Makes sense. Wife will have p60 this week so we should be ok with my 15', 16' and her 15', 16' and 17' entitlements together for HTB, so I think that's what we will do. I understand a tax rebate vs HTB. The rep on the phone said specifically that HTB would be rebated to my bank account. This seems to go against most of the other info I've got on this so far. Any idea what turn around time is once we've p60's submitted?
