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

PedroDublin

Hello everyone, what do you think the purchase date mean on the new help to buy scheme? Contracts signed by buyers, contracts received, mortgage withdrawal, closing date..... I have seen different things on different news

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Brian201888

No that's not normal, you should be paying 5% and the other 5% coming from the help to buy

Mitch Connor

Is it common/normal/correct that we have to pay the 10% ourselves, and then the developer will refund our 5% (via HTB) upon handing over of keys?

I thought they would take 5% from us, and 5% from HTB, but our contract is stating they want the 10%. Frustrating as it will mean we have zero cash to start paying for things until after we are moved in and the refund issued.

Also means we need the full deposit in order to buy the house.... which is not what I thought the HTB would be about.

If (as above) we pay the 10% get counter signed contract back, upload to revenue, get code, give code to Developer; should they be refunding the 5% as soon as they get it or can they hold on to it the sale is closed?

oleard1987

Phileas Frog wrote: »

You yourself have to do it. The developer isn't going to have your loan offer letter.

I was thinking the same ,good to see the staff at the revenue are well clued in
Solicitor got the signed contract for us today so going to upload tomorrow

KylieWyley

scabo33 wrote: »

Just paid down a deposit of a house thinking this would help. Never earned more than 30k the last 4 years thanks to zero hour contract work and wife only working since last year.

Presuming I will get a pretty crap figure. Was hoping for about 12k.

If you look back at your P60s for previous years or log into your Revenue myAccount, you'll get a good idea of how much tax you've paid over the past years and how much you might be entitled to.

scabo33

Just paid down a deposit of a house thinking this would help. Never earned more than 30k the last 4 years thanks to zero hour contract work and wife only working since last year.

Presuming I will get a pretty crap figure. Was hoping for about 12k.

Phileas Frog

You yourself have to do it. The developer isn't going to have your loan offer letter.

oleard1987

i have a query regarding the help to buy ,HTB has been done and we have the pin
We paid the €5k deposit to the developer and we then received our loan offer from the bank
Then we met with our solicitor and signed the contracts and gave the developer our pin for the HTB
I rang revenue a few days ago as i came across the thread where some said "Once you get the counter-signed contract back, you need to upload them and proof of mortgage (loan offer?) to the revenue site. After that you give the resultant codes to the builder"and they said that the developer uploads these so i am now very confused

Do we have to upload the contracts signed by us and the developer to revenue and the loan offer signed so that they can claim the money or does the developer upload them and claim
Thanks in advance

KylieWyley

Dolbhad wrote: »

Yes your contract should have a clause re HTB. Also if the HTB money is needed to buy the house as part of funds, it’s an issue for the bank. They usually have a condition that they builder needs to eligible or require a letter from the builder that received the HTB funds. Talk to your solicitor but I’d be reluctant to sign contracts until the builder is sorted. Or unless your solicitor had a clause In there that the contract is signed strictly subject to HTB funds been drawdown. From what I understand, usually clearance isn’t given to a builder of they have outstanding tax issues with revenue.

I had assumed this should be the case. Unfortunately, my solicitor hadn't picked up on this omission (along with other important details) which gave me cause for concern that he didn't have his eye on the ball.

Thanks for your response. Just wanted to make sure I wasn't being overly cautious!

Dolbhad

KylieWyley wrote: »

Should contracts specifically mention HTB?

Builder not currently listed as Registered Qualifying Contractor. He assures me that the paperwork is very straightforward and that it will be completed.

The concern would be you sign contract and it later turns out that he is ineligible for whatever reason and I then find myself committed to a real purchase price 5% greater than originally anticipated.

Yes your contract should have a clause re HTB. Also if the HTB money is needed to buy the house as part of funds, it’s an issue for the bank. They usually have a condition that they builder needs to eligible or require a letter from the builder that received the HTB funds. Talk to your solicitor but I’d be reluctant to sign contracts until the builder is sorted. Or unless your solicitor had a clause In there that the contract is signed strictly subject to HTB funds been drawdown. From what I understand, usually clearance isn’t given to a builder of they have outstanding tax issues with revenue.

KylieWyley

Should contracts specifically mention HTB?

Builder not currently listed as Registered Qualifying Contractor. He assures me that the paperwork is very straightforward and that it will be completed.

The concern would be you sign contract and it later turns out that he is ineligible for whatever reason and I then find myself committed to a real purchase price 5% greater than originally anticipated.

Phileas Frog

fungie wrote: »

When do you do this? We signed contracts about 6 weeks ago but nothing has happened to your help to buy. We haven't heard from our solicitor or the developer.

Once you get the counter-signed contract back, you need to upload them and proof of mortgage (loan offer?) to the revenue site. After that you give the resultant codes to the builder

fungie

Phileas Frog wrote: »

Is it the Loan Offer letter that you need to upload to Revenue along with the signed contracts?

When do you do this? We signed contracts about 6 weeks ago but nothing has happened to your help to buy. We haven't heard from our solicitor or the developer.

Phileas Frog

Is it the Loan Offer letter that you need to upload to Revenue along with the signed contracts?

Tipsy McSwagger

Can’t upload contract as file is too big, has anyone encountered this issue before?

edit - sorted, i just compressed to smaller file

scabo33

Hi everyone, I run my p21s every year and they usually balance out. For this scheme it asked me to submit form 12 and for 2015 it now says I owe 1600 euro and this will be taken out of my tax credits over the next two years. How did this happen? My p21 at the time was fine. My employer I presume is responsible for making sure I pay tax and I’ve never earned more than 30k!

RedXIV

el Fenomeno wrote: »

ridiculously helpful post

Dude that's amazing!!! Thanks a million!!!

el Fenomeno

Daft results for South Co. Dublin - Filtered for New Developments:
https://www.daft.ie/dublin-city/property-for-sale/south-co-dublin/?ad_type=sale&advanced=1&s%5Badvanced%5D=1&s%5Bnew%5D=1&searchSource=sale

Daft results for Wicklow - Filtered for New Developments:
https://www.daft.ie/wicklow/property-for-sale/?ad_type=sale&advanced=1&s%5Badvanced%5D=1&s%5Bnew%5D=1&searchSource=sale

Daft results for Wexford - Filtered for New Developments:
https://www.daft.ie/wexford/property-for-sale/?ad_type=sale&advanced=1&s%5Badvanced%5D=1&s%5Bnew%5D=1&searchSource=sale

IrishTimes pieces from January on New Developments for 2019:
Dun Laoghaire-Rathdown: https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/new-homes-schemes-in-d%C3%BAn-laoghaire-rathdown-1.3774565
South Co. Dublin: https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/new-homes-schemes-in-south-dublin-1.3774551
Commuter Towns (includes Wicklow): https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/new-homes-schemes-in-commuter-counties-1.3774536

Also worth looking at Estate Agents & Developers dedicated pages for New Developments. The Estate Agents pages will generally just replicate what's on Daft, Property.ie etc. The developers often have some (minor) details of developments not yet started.

Estate Agents:
DNG: https://www.dng.ie/newhomesresidential
Savills: https://search.savills.com/ie/en/list?SearchList=Id_4458+Category_RegionCountyCountry%27Id_6500+Category_RegionCountyCountry%27Id_46029+Category_RegionCountyCountry&SearchModeConstraintEnum=PropertyTypes&Tenure=GRS_T_B&Currency=EUR&Period=Week&PropertyTypes=GRS_PT_ND&ResidentialSizeUnit=SquareFeet&LandAreaUnit=Acre&SaleableAreaUnit=SquareFeet&AvailableSizeUnit=SquareFeet&Category=GRS_CAT_RES&LocationKey=ireland&Shapes=W10
Kelly Walsh: https://kellywalsh.ie/residential/new-developments/
Knight Frank: https://www.knightfrank.ie/new-homes

Developers:
Cairn: https://www.cairnhomes.com/new-homes/
Castlethorn: https://castlethorn.ie/projects
Glenveagh: https://glenveagh.ie/homes/
Gannon: http://www.gannonhomes.ie/new-home-developments/
Coliemore: https://www.coliemorehomes.ie/developments
Harcourt: https://harcourtdev.com/new-homes
Liam Neville: http://www.liamneville.ie/current-developments/
Victoria: http://www.victoriahomes.ie/our-developments/
Durkan: http://www.durkanresidential.ie/developments/

But of course, Boards is also a great resource. Always threads popping up for new developments in here, and in region-specific forums too!

Best of luck in your search.

tomister

RedXIV wrote: »

Does Daft track new housing developments also?

Both Daft and MyHome do it. I just have it set as an alert for the areas I’m interested in

RedXIV

GingerLily wrote: »

You can set up alerts on Daft for whatever property search your interested in?

Does Daft track new housing developments also?

GingerLily

RedXIV wrote: »

Hey folks, I've been looking at this recently and as a side note, I was wondering how people are finding new developments to chase down? At the moment, I'm only finding the odd ones that I stumble across in my trips to the shops, friends, work etc. Is there a website or similar that I could use to see upcoming developments?

Cheers!

You can set up alerts on Daft for whatever property search your interested in?

RedXIV

el Fenomeno wrote: »

Where abouts are you looking/considering Red?

Living in south Dublin and looking for options from south dublin down towards Wexford really. Maybe kildare to west dublin also?

Just interested to see what's out there

el Fenomeno

RedXIV wrote: »

Hey folks, I've been looking at this recently and as a side note, I was wondering how people are finding new developments to chase down? At the moment, I'm only finding the odd ones that I stumble across in my trips to the shops, friends, work etc. Is there a website or similar that I could use to see upcoming developments?

Cheers!

Where abouts are you looking/considering Red?

RedXIV

Hey folks, I've been looking at this recently and as a side note, I was wondering how people are finding new developments to chase down? At the moment, I'm only finding the odd ones that I stumble across in my trips to the shops, friends, work etc. Is there a website or similar that I could use to see upcoming developments?

Cheers!

Mrnew

Ricped wrote: »

Hi everyone,

I’m on the process to buy a new house and we have applied for the help to buy, the first time we made it it was canceled as I had tax due, that was payed and confirmed that was cleared and we were told to re apply again.
We have done it and my parter couldn’t confirm be part of the group as there is no options shown, in the mean time we rang reveneu a couple of times and we were told that we should cancel our application and do a new one, we made it again and same issue.
The problem at the moment is our bank is waiting for the code to get the mortgage approved as well as our solicitor and our time is running out, we can’t find anyone that knows what the hell is going on with our application and we are very close to lose the house .
Anyone went trough something similar ? If yes how did you sorted it ?

Thanks in advance

I was having the same issue as you was told IT were experiencing a glitch in there system. Allowed me to add my partner to the group today.

leg

Hi all,

I'm just wondering can anyone help me with a bit of a strange query. I'm currently looking at building a house with my partner. Planning would be in her name to satisfy local housing need while mortgage would be in both our names.

We are currently looking at applying for the help to buy scheme. If we were to submit the help to buy application in both our names could this potentially affect my ability to get planning in my name in the future? The hope was that by keeping application in her name etc. that if the need arose to move I would be able to apply for planning elsewhere in my name and satisfy local housing need as I would not have a house. Would having applied for help to buy affect that.

Any help would be much appreciated and I hope I have explained myself clearly.
Thanks,
Leg

Ricped

Hi everyone,

I’m on the process to buy a new house and we have applied for the help to buy, the first time we made it it was canceled as I had tax due, that was payed and confirmed that was cleared and we were told to re apply again.
We have done it and my parter couldn’t confirm be part of the group as there is no options shown, in the mean time we rang reveneu a couple of times and we were told that we should cancel our application and do a new one, we made it again and same issue.
The problem at the moment is our bank is waiting for the code to get the mortgage approved as well as our solicitor and our time is running out, we can’t find anyone that knows what the hell is going on with our application and we are very close to lose the house .
Anyone went trough something similar ? If yes how did you sorted it ?

Thanks in advance

GingerLily

Mickiemcfist wrote: »

cianlynchali wrote: »

Hi. Does anyone know is it calculated on your tax before your tax credits or after?. Thanks

After. i.e. the amount of tax you actually paid.

It's only a refund if what you've paid in income tax,so no tax credits, USC, PRSI

Mickiemcfist

cianlynchali wrote: »

Hi. Does anyone know is it calculated on your tax before your tax credits or after?. Thanks

After. i.e. the amount of tax you actually paid.

cianlynchali

Hi. Does anyone know is it calculated on your tax before your tax credits or after?. Thanks

colly10

I heard above that the HTB is taken when you sign the contracts.
If I go into the estate agent with a deposit in hand, how long does it normally take for them till contracts get signed?

Is it immediate or what needs to happen/be completed first?