Dowend wrote: » I'm currently living in Australia, and have been for 3 years now. Planning on returning to Ireland in 2021 and will be looking to buy a house when I return. I will be a first time buyer. I understand that since I haven't paid tax in Ireland for the last 3 years, I wont qualify for the Help to Buy scheme. However, I'm assuming I will still qualify for the 10% deposit as a First Time Buyer. Am I right to assume this or will the fact that I've lived abroad mean I don't qualify for this? I haven't been able to find this out elsewhere.
Marty1983 wrote: » Hi Folks, looking for some advice. We have just moved back to Ireland after a few years away. We are both coming home to good permanent jobs and will have a decent income. We have spent a lot of our savings in relocating so would not have 10% deposit at the moment. What options are available to us? Will we have to work in Ireland for 6 months or so before looking for approval in principle? We could provide payslips and bank details from our previous employment outside Ireland and i am sure our new employers could fill out income certs for us. Any and all advice would be greatly appreciated.
whiskey_sour wrote: » We were in a similar position this year and got great help from a broker - the job issue really depends on your industry/past experience but he was able to tell us which banks would entertain us or not. We also had to provide quite a lot of extra info - feel free to PM me if you've any Qs.
Starlord_01 wrote: » How long (roughly) does it take for Revenue to review HTB Scheme application?
Bluefoam wrote: » I would recommend getting your mortgage before you come home. Much easier. However you'll need 30-35% deposit
Dowend wrote: » Why would you recommend this? Unlikely to have the 30% deposit. I'm curious as to how long I will need to be in a job after I return to Ireland before I can get approval. I notice a P60 is a requirement in most banks, which I won't have until 12 months of work so does that mean I will have to wait minimum 12 months?
brisan wrote: » A P60 is issued in Jan-Feb for the previous calendar year. So even if you only have 1-6 months employment in that calendar year you will receive a P 60
Markitron wrote: » Mine was done in a couple of hours, but it may take longer if there are any complications
Jasna1982 wrote: » A lot of people have been waiting for 3 weeks, because they've been inundated with requests since it went up to 30k. You might get lucky, but it wouldn't be out of the ordinary to wait a bit.
Starlord_01 wrote: » One of the lucky ones, thanks!
Markitron wrote: » Last week I cancelled it to reapply for the full amount and it went through instantly, I feel for the people that have to wait ages, I am not even likely to use it this year.
Bluefoam wrote: » Revenue no longer provide p60s
Green Mile wrote: » “Employers” no longer issue P60s. You must now obtain a Statement of Earnings from MyAccounts on revenue.ie, these issue in January every year when a tax year ends.
ebayissues wrote: » So I a have been farting arround on mortgage payment calculator. Lets just say for a mortgage of 250k, with appoximately 1100 a pm...rough figures here, the bulk of this amount is interest payments. Are there any other ways to make the bulk payments principal payments rather than interest?
omicron wrote: Question for those in the know. I'm planning on applying for a mortgage shortly and have 2 issues: - Have been saving for over a year but only set up a direct debit to a savings account 4 months ago, previous to that it was just building up in my current account, is this likely to be an issue, will I need 6 or more months of direct debit savings?
omicron wrote: - On the application checklist proof of address is required. I live in an apartment where all bills are included so I don't have any bills or post with my address on it, only my lease. Any bank accounts etc so have my parents place as the address ( in another county). Will the bank take a copy of lease as proof of address?
G_R wrote: » As you move through the term, your payments will change from being more interest to more capital. Any over payments you make will come straight off capital. If you are in a position to do so (and your loan type allows it - i.e. youre on a variable rate, or a fixed rate which allows some overpayment (some banks will allow 10pc of the capital per annum to be over paid on a fixed rate, for example)) then an extra 100/200 euro a month will see you make huge savings. You could be talking knocking a couple of years off the term and saving your self thousands in interest.
ebayissues wrote: » Ok thanks for this. Another question.. bank need a letter of gift. Are there any tax implications if the amount is greater than 3k?
gillka92 wrote: » I am hoping to go for a mortgage in the next few months. I am a chartered accountant and my salary would more then cover what I would be looking to borrow. I have almost double the 10% deposit in savings but I recently moved jobs and I am on a contract. Does anyone know what banks would considering lending to me when I am not permanent? Thanks
