Mushy wrote: » Put in the full deposit amount. A booking deposit is only like 5k. So it'll be 10% of the house value
tomister wrote: » For those of you who have completed the claim, when entering in the deposit amount did you just state the booking deposit or the total deposit you’re due to pay?
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.
newboard wrote: » Is the HTB scheme going to be renewed into 2020? Thanks
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
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?
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.
Htbhelp wrote: » Great thanks, will check out the contracts and chat with the solicitor about it.
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: » 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.
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.
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.
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!
