2017-21 help to buy scheme - megathread. All help to buy discussion here please

z0oT wrote: »

Something I notice on the new build we've paid a booking deposit into...

The Agent has it down on the Daft.ie page that it is eligble for the Help to Buy scheme. Upon talking to the agent I was told that couples who have bought into the development previously in the last few months have used the Help to Buy scheme.

But... upon checking the list of qualifying contracters on the Revenue website HERE (PDF), I can't find the developer on the list.

Guess I'll have to check with them again. Just curious if this has happened to people here before?

Yes, sometimes the developers are listed on the revenue site under a different name.

All depends on what way the developer company is structured.

Your developer / estate agent will be able to tell you the name they are listed under.

Something I notice on the new build we've paid a booking deposit into...

The Agent has it down on the Daft.ie page that it is eligble for the Help to Buy scheme. Upon talking to the agent I was told that couples who have bought into the development previously in the last few months have used the Help to Buy scheme.

But... upon checking the list of qualifying contracters on the Revenue website HERE (PDF), I can't find the developer on the list.

Guess I'll have to check with them again. Just curious if this has happened to people here before?

Thanks for the answers above. We should now be ready to go with the HTB when it's requested.

The Agent has told me that other couples who bought in the same development have used the HTB aswell, hopefully there'll be no issues.

Glen_Quagmire wrote: »

I thought it might be a case where both applicants need to be eligible or else neither is but it looks like that's not the case..

With us, my wife was only eligible for a little over 2k, having only been in the country since early last year.

I on the other hand am eligible for 20k myself, so our application shows 20k available as the max.

awec wrote:

What do you mean qualifies?

awec wrote:

If one person is ineligible, ie they are not a first time buyer, then you cannot use help to buy at all.

awec wrote:

If they are eligible, but they get a rebate of â‚¬0, then it doesnâ€™t matter, your max rebate will just be whatever the other person can get.

Gotcha. I am eligible for the 20k because I applied last year but need to renew it again for 2018. My partner hasn't had a full time job since we had the little one a few years ago so not sure what she would be eligible to receive, most likely nothing.

I thought it might be a case where both applicants need to be eligible or else neither is but it looks like that's not the case..

Glen_Quagmire wrote: »

Was on Revenue Online there and to qualify All applicants on the mortgage need to apply for the HTB.

Question is, if one person qualifies and the other doesn't, what happens then...?

What do you mean qualifies?

If one person is ineligible, ie they are not a first time buyer, then you cannot use help to buy at all.

If they are eligible, but they get a rebate of €0, then it doesn’t matter, your max rebate will just be whatever the other person can get.

Was on Revenue Online there and to qualify All applicants on the mortgage need to apply for the HTB.

Question is, if one person qualifies and the other doesn't, what happens then...?

You give them the code they ask for so they can verify your funds. After you sign the contracts they'll ask for another code so they can actually claim the funds.

You need to provide the HTB information to the estate agent/builders for the contract to be drawn up. We sent ours onto the estate agent and the bank after putting a deposit on a house. From here on in I believe the solicitor will take care of things.

I rang the revenue this morning and now our application is showing up as Approved for the max amount of 20k. We have an Application Code and an Access Code, and it's showing that we can proceed to the claim stage.

I presume that's all that is needed for now until we get to the stage where we have the final loan offer in place from the bank and the contracts drawn up?

We just paid a booking deposit on a new build yesterday.

Glen_Quagmire wrote: »

Apologies if this has been asked before but when applying for a joint mortgage (not married) do both applicants need to have the HTB grant approved or just one of the two?

When I rang them this morning I was told that if both names are going to be on the final contracst then you have to apply as a group. Don't think being married comes into it.

babybaby2017

advice please. we are at 60 % of value of build now but need to get a top up of mortgage which will bring us to 70% . who can advice me if we now qualify for the HTB ?

Mantis Toboggan

autumnbelle wrote: »

Do the applications take long to be drawn down by a solicitor

3-5 days I think.

awec wrote: »

Can I ask you what format your access code + claim number were in?

Our access code was 6 digits and the claim number a C followed by 9 digits, but our developer came back and said they were wrong? Did you send the number beginning with A?

Sure,

Application code A with 8 digits.
Claim reference Code C with 8 digits.
Access code with 6 digits.

I'm pretty sure my Estate Agent only asked for the Application Code and nothing else.

autumnbelle

Do the applications take long to be drawn down by a solicitor

drinkingwater wrote: »

Application code: A00123456
Expiry date: 31/12/2018
Access number: 654321
Claim reference number: C00123456

You sent all of them to your developer?

drinkingwater

Application code: A00123456
Expiry date: 31/12/2018
Access number: 654321
Claim reference number: C00123456

Creamy Goodness wrote: »

Yup the max you can claim is 20k. This can be made up of your rebate and your partners rebate but cannot exceed 20k or 5% of the purchase price which ever is lower.

My application was claimed by the builder yesterday. Guessing now there’s not much else for me to do with regards to the HTB?

Can I ask you what format your access code + claim number were in?

Our access code was 6 digits and the claim number a C followed by 9 digits, but our developer came back and said they were wrong? Did you send the number beginning with A?

Mantis Toboggan

Creamy Goodness wrote: »

Yup the max you can claim is 20k. This can be made up of your rebate and your partners rebate but cannot exceed 20k or 5% of the purchase price which ever is lower.

My application was claimed by the builder yesterday. Guessing now there’s not much else for me to do with regards to the HTB?

Nope once it's claimed I think you're good to go.

Yup the max you can claim is 20k. This can be made up of your rebate and your partners rebate but cannot exceed 20k or 5% of the purchase price which ever is lower.

My application was claimed by the builder yesterday. Guessing now there’s not much else for me to do with regards to the HTB?

allym wrote:

I donâ€™t think both need to be approved no, but would you not get more of a rebate applying as a group?

I think the max you can get is 20k which I am approved of myself. Well I was in 2017, I have to reapply as it expired.

My other half has been working part time for the last few years since we had the little one.

allym

Glen_Quagmire wrote: »

Apologies if this has been asked before but when applying for a joint mortgage (not married) do both applicants need to have the HTB grant approved or just one of the two?

I don’t think both need to be approved no, but would you not get more of a rebate applying as a group?

Apologies if this has been asked before but when applying for a joint mortgage (not married) do both applicants need to have the HTB grant approved or just one of the two?

Atomic Pineapple wrote: »

Thank you. Is that the "Maximum relief available to you" value? So, if it shows 20k there then we are eligible for the max up to 5% value of the house?

Yup it’s a max of 20k on a house price of 400k or above otherwise it’s 5%. It’s showing 20K as you’ve paid sufficient tax to get that amount.

Once you fully submit the claim you’ll be asked for he value of the house. The 5% is calculated on that

Thank you. Is that the "Maximum relief available to you" value? So, if it shows 20k there then we are eligible for the max up to 5% value of the house?

Atomic Pineapple wrote: »

We're at the claim stage now and checked today what we needed to attach to find out how much we can get.

First, it looks like we need a signed contract from the lending provider, is this just the signed approval in principle form?

Second, it looks like we need to have contracts signed from the estate agents/builders. But in our initial documentation after putting down a house deposit, it states they need to know the HTB rebate amount before contracts are drawn up. Confusing, is there a pre-contract or something that would be sufficient for the HTB to move through the claim part and show us how much we can get?

For me (just done a claim yesterday). The AIP is not sufficient. It needs to be a loan offer letter from the bank which they’ll only issue once you give more details of the house (address, beds, square metres, BER rating etc.).

The initial step of the HTB to will let you know the max you can claim, this is then drawn into the contracts that you sign and then sent to the builder to sign as well. Once they sign they give your solicitor the contract signed by both parties. This is what you need to upload.

Check the “My Enquiries” section of revenue, it should say how much your eligible for.

We're at the claim stage now and checked today what we needed to attach to find out how much we can get.

First, it looks like we need a signed contract from the lending provider, is this just the signed approval in principle form?

Second, it looks like we need to have contracts signed from the estate agents/builders. But in our initial documentation after putting down a house deposit, it states they need to know the HTB rebate amount before contracts are drawn up. Confusing, is there a pre-contract or something that would be sufficient for the HTB to move through the claim part and show us how much we can get?

Atomic Pineapple wrote: »

We got married in 2017 which delayed our form submissions for that year. We had to fill out the elected spousal form for tax allocation. This took about 5 working days. I did ring them via the PAYE helpline number and the guy who answered was very helpful. Two days after ringing them everything had gone through.

We too got married in 2017, however we've already filled out the elected spouse form to set us up with Seperate Assessment. Will have to chase them up with a phone call.

Thanks for your answer.

We got married in 2017 which delayed our form submissions for that year. We had to fill out the elected spousal form for tax allocation. This took about 5 working days. I did ring them via the PAYE helpline number and the guy who answered was very helpful. Two days after ringing them everything had gone through.

Atomic Pineapple wrote: »

According to our records you have the following liabilities and/or returns due:

Form 12 not filed [for all 4 years]
P21 not requested [for all 4 years]

Under other group members it shows my wife but states: Awaiting membership confirmation

And finally states at the bottom:

Your application cannot proceed because either you have outstanding issues on your tax affairs or all group members have not confirmed membership of the group. When these issues are resolved this application can proceed.

I have actually just tried applying just to have things ready if a new build we can afford pops up and I'm getting a similar issue.

I've a group created (me & my wife) and both of us are getting told that:

Form 12 for 2017 is not submitted (it is)
Awaiting membership confirmation. (I'm told my wife is awaiting my confirmation, and she's being told I haven't confirmed yet)

Not inspiring me with confidence... will have to ring them.

A question in the meantime though, does applying as an individual or a group really make much of a difference? I would have easily paid 20k (the max you can claim) in income tax over the last 4 years, so we wouldn't necessarily need to go as a group.