ruaneg wrote: » We have signed contracts and given a bank draft for approx 6% of the deposit. For the other 4% we need the HTB grant. We have being approved for the HTB. I noticed today when I went to upload the contract that we must give the loan details with the application. However, we are still unsure which loan offer we will go with (waiting on an additional approval from another preferred bank). I've being told by revenue that its not possible to update the application with the new loan details should they change. I would have to cancel the application and reapply. Has anybody had similar problems and found a way around it?
zig wrote: » Hey all, does anyone know how strict they are on the 70% rule for mortgage vs value of house?
tomister wrote: » Hi everyone, I’ve gone through a good chunk of this thread and didn’t find this question so apologies if it has been asked: I’m approved for the max on HTB and am busy saving at the moment. Had a meeting with BOI last week and they’ve told me that I still need to have the full 10% saved regardless of the HTB. Has this been the case for others? Surely the point of the HTB was to help with the deposit. I’ve limited my scope to new builds and qualifying contractors to ensure I can claim the refund. Any insights anyone may have would be great!
el Fenomeno wrote: » We applied with PTSB, KBC, Haven and Ulster Bank. They only wanted to see 5% + extra to cover other costs (solicitors, stamp duty etc.) So them asking you for the full 10% seems odd to me. Did you ask them why?
tomister wrote: » Thanks for the info - it did seem very odd to me too! I did and he said it’s part of their requirements but that he would look into it further and get back to me.
Dolbhad wrote: » Ulster Bank required us to have the 10% not including HTB but that was back in October last year.
el Fenomeno wrote: » Hmm, strange. We just brought proof that we were approved for HTB to our Ulster Bank meeting and he was absolutely fine with it. We got AIP from them too. We just about had the 5% too so definitely wasn't a case of us having 10% anyway. Kind of defeats the main purpose of the scheme if some places want to see the full 10%, but it's odd that there seems to be an inconsistent approach.
Dolbhad wrote: » We had the 10% anyway and our HTB was minimal around €4,500 and we were getting an exemption. Also we were getting a slightly higher rate from Ulster Bank over the exemption. We also went through a mortgage broker. But broker said Ulster Bank and KBC don’t look at the HTB. I’ve long tried to understand why bank make the decisions they do. But does defeat the whole purpose of HTB if banks won’t consider it.
Lux23 wrote: » We were approved by UB with HTB last week and we were about €8000 off the full 10%. Granted by the time we drawdown, we will probably have the full amount saved anyway.
Dolbhad wrote: » Mine was October or November last so it might have changed since then. You can use the HTB for the balance of contract deposit of 10% so you don’t need the house to be complete and close to request HTB. However in current climate I can’t see the government getting rid of the HTB. For some it’s the only way they can buy a house and with the dire renting situation, it would be madness on the government’s part to remove it unless they replace with something else
myshirt wrote: » For a new build, has anyone here had an engineer compare the site map provided by the vendor to the actual site. Like to confirm if boundaries match up with map provided by the seller.
awec wrote: » What map? The site maps you get when you buy are indicative only, just illustrations to give you an idea of what it'll look like.
myshirt wrote: » The scheme map.
colly10 wrote: » Hi, I'm filling out a help to buy claim at the moment. I'm planning on getting a place with my gf shorty. It asks if I want to apply as an individual or group. I assume I can apply as an individual, providing I've paid enough tax, I won't need her in the claim even though we're going for the mortgage together? If I don't have to, i'd prefer not to cause she's been out of work for some parts of the last 4 years and it will be a mess working out what to put down on the form 12 for her i'd say with tax claimed back some years
robtr89 wrote: » Hi All, Query with regards the Group HTB, group being myself and my GF. We both applied and both got different amounts where the "Maximum Relief Available to you" is. I got nearly 15k, whilst she got about 8k. 23k total It then says below that, that were entitled to Maximum relief available to group of 20k... Does the relief work off the higher amount of the two of us, (myself on 15k) or does it combine the two (23k), therefore allowing us to get the full amount of 20k (or the 5% of prop value)? I have messaged revenue on this, but you wouldnt want to be holding your breath on them to reply. Thanks
