Zedarg wrote: » Hi. I just got approwed for help to buy. Do I have to use it until end of this year?
Febreeze wrote: » Myself and my partner have put in an application for the Help to Buy scheme. Our application is currently under review and has been for the last 2 weeks now. Does anyone know how long it can take before we hear back? Also, what is the process of it all? We've seen houses we like and we've got a location in mind. Has anyone gone through this process before? What was their experience? Did they have any back up plans in cause other plans have failed? Both negative and positive feedbacks are welcomed as we have no clue what we are supposed to do. So far we are saving as much as we can Edit: we are both in late 20s if that helps anything and based in Dublin
Doff wrote: » I had the same issue, give them a ring and they will tell you exactly whats wrong and how to rectify it. Once we rectified our issues the application was proved within a day. Apply for HTB Save enough for mortgage Get approval in principal Find a new home and place 5k deposit on it, from your savings (This still counts towards your mortgage deposit) Provide the seller with your HTB number Get full approval before roughly 21 days while they send the paperwork to your solicitor Work with solicitor to fill in paperwork Pay the rest of the deposit on the house once you get full approval Draw down the mortgage and pay through your solicitor Not a bad process to be honest, our solicitor was amazing and guided us through the whole process.
Febreeze wrote: » Thanks so much for replying. Do you know how long we can wait before using the HTB number? Can we wait until we have just about enough before we use it or do we have to have a set amount first?
Offtotheraces wrote: » Do you recall how long it took for Revenue to give you the approval in the first place? Mine seems to be taking ages and I'm getting nowhere with them. Cheers!
murfilein wrote: » how is the procedure? do i apply for the scheme first? do i sign a contract with an agency/developer for a house first? i mean, unless i get money first, how is it going to "help" me buy a house? i put in 2 offers for 2 houses we liked, one was turned down outright as "its not enough", on the other someone else offered more money. with the money we have, i dont see us getting a house anytime soon as there will always be someone who can offer more than we can.
Htbhelp wrote: » Quick question - have heard varying reports as to the process. Am I right in saying when paying deposit on signing contracts, you pay 5% and the other 5% is claimed by the vendor from Revenue via your solicitor? Or is it that you pay the 10% and claim back 5% from Revenue? Many thanks Apologies, should specify - I was referring to a new build as part of a new development.
Htbhelp wrote: » Thank you both for the replies. We had understood it as you’ve explained but heard recently that the developer asked another buyer to foot the full 10% and claim the HTB back which as you said defeats the purpose of help to buy. Are they entitled to do this? We are approved for help to buy wouldn’t be in a position to foot the other 5% on top of our savings.
Daniogroove wrote: » Technically they can get away with it. My advice would be to not mention it until after you've paid your holding deposit. Say it to the solicitor then and let them handle it. I just had it written into the contract as a stipulation. The developers are in that far then they just leave it and if you have to argue it at that stage you're in a better position then.
Htbhelp wrote: » Great thanks, will check out the contracts and chat with the solicitor about it.
Daniogroove wrote: » Is the developer listed on the approved contractor list? If they are, once your application is approved they can get their money in a few days. Mine was in the process of getting on it so my sale was done and dusted before he got on the list so my solicitor asked me to send it in then and he had his money as few days after accepted it. Sound of him though, most wouldn't do that.
colly10 wrote: » We recently got our approval on HTB. Just wondering if we we’re to put down a deposit in August and the house wasn’t actually completed till February, at what point do they take the grant? If you don’t pay till it’s ready I assume we’d loose the grant?
Mushy wrote: » Put in our application a while back, all approved and claim code forwarded on to developers solicitor. No claim has been made yet. Does this lie with the solicitor to sort, or is it us? We haven't received contracts back, loan offer letter is signed and returned to bank. Supposed to move in on 28th (Or that week anyway), so don't want this holding it up unnecessarily. Edit: all sorted, didn't realise it was our side to upload contracts and mortgage info
fungie wrote: » We just signed our contracts and gave the HTB details to our solicitor and bank. Do we have to do something? Our solicitor said nothing.
