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

DubLad69 · 21-08-2021 11:47PM

How long does it generally take to go from HTB approved and contracts uploaded to the developed receiving the payment?

Is it something that could potentially slow down the closing of a sale, or is it done within a few days?

Blaa.boy · 24-08-2021 12:56PM

Hi just wondering is anyone "under review" for 3-4 weeks. How long does it generally take to get amount you qualify for?

HerrKapitan · 26-08-2021 09:11PM

https://www.boards.ie/discussion/comment/117787056#Comment_117787056

It depends on the builder to claim. We are 2 months+ since contracts signed, and the builder still hasn't claimed.

wsarah · 29-08-2021 11:56AM

Has anyone had any experience of buying a new build from a contractor who is not already registered? Our solicitor thinks we can go ahead and do it as self build and claim the money into our account and then transfer as deposit to builder. Would this work? We are just under serious time pressure for builder to register and then also go through the whole claim process.

TBD_1983 · 31-08-2021 03:39PM

Hi All, need some advice. I’ve been approved HTB. My solicitor recommended waiting until Jan to draw down as I will have more tax then and house won’t be complete until then. I will reapply then. I’ve signed contracts on a house and paid deposit in full with my own funds.

my question - the balance on house after mortgage is less than the 20k I have with HTB. 6k left - What happens to that? My solicitor said it goes to me but how when the builder is the person who does the htb drawdown, does he take the balance and whatever left is send back to your solicitor? This is melting my brain and I don’t want my solicitor to charge me extra time for asking this question.

Ron Burgundy II · 31-08-2021 04:26PM

HTB expires end of 2021. If not drawn down by end of the year you lose it AFAIK. No plans to extend unless they announce something in the budget. But with the shared equity scheme announced it is likely that the HTB will not continue into the new year.

Have no idea on time scale - would like to know the answer to this as I got a payrise midway through the year and would be entitled to a few more euros

conal08 · 01-09-2021 05:51PM

Hi,

My HTB claim was approved on 28th April "Your Help to Buy Claim has been verified by your solicitor or building contractor. Your HTB refund will issue in due course." Just to clarify, this won't be refunded until we draw down when the house is completed (October)? Or should I contact revenue given it hasn't been refunded yet.. Thanks!

Bubbaclaus · 01-09-2021 07:18PM

https://www.boards.ie/discussion/comment/117834259#Comment_117834259

Are you sure it hasn't issued already back in April? It normally issues to the builder shortly after that approval.

02-09-2021 05:48AM

After reading an article on the journal it sounds like they are planning on extending the HTB next year but it will not be announced until October's budget.

Leftwaffe · 03-09-2021 02:52PM

If doing a self-build, do we have to chose from the registered list of HTB contractors? Or can we pick any contractor? Thanks.

Shivvs · 04-09-2021 01:49PM

I’m wondering has anybody else been in a similar position with the HTB scheme, now maybe I just wasn’t paying attention but I just realised that to be eligible for HTB your mortgage has to be at least 70% of the home value - because of central bank rules my maximum mortgage available to me will be less than this so I won’t be entitled to HTB?

Bubbaclaus · 05-09-2021 05:07PM

https://www.boards.ie/discussion/comment/117846225#Comment_117846225

Yes. The logic being that you don't need any help to buy if you have more than 30% of a deposit already.

conal08 · 06-09-2021 03:53PM

https://www.boards.ie/discussion/comment/117834705#Comment_117834705

I contacted revenue and they told me it did issue to the builders solicitor but I didn't hear from them either. I assume that on drawdown the builder will issue the refund to us?

Bubbaclaus · 06-09-2021 06:26PM

https://www.boards.ie/discussion/comment/117854530#Comment_117854530

What refund are you expecting?

Pete123456 · 07-09-2021 07:46AM

I wonder has anybody had an issue with the house or purchase after the builder has drawn down your HTB? I’m assuming Revenue just claw it back, but would you be able to get it reinstated for use elsewhere? Just curious

elchupanebrey · 10-09-2021 04:28PM

Does anyone know how getting a new mortgage offer might affect my help to buy? I have sent all the details into the contractor based on the previous offer so I assume they have already made the claim.

My mortgage offer is expiring on Monday and I wasn't given sufficient notice to try arrange an extension. If I'd known it would take 7-10 days to organise the extension I would have been more on the ball!! I probably should have been anyway being honest.

Pete123456 · 10-09-2021 05:21PM

https://www.boards.ie/discussion/comment/117873469#Comment_117873469

I don’t think it matters. A lot of people at the moment would have been delayed due to the sites being closed etc and most loan offers last max 6 months so a lot of people will have had to get a new loan offer. I don’t think revenue care unless for whatever reason you didn’t actually go through with the house. Then they claw it back from the developer.

elchupanebrey · 10-09-2021 05:33PM

https://www.boards.ie/discussion/comment/117873698#Comment_117873698

Thanks, I'm sure you're right. We'll have to wait and see what happens when it comes down to it

BtxKiddo · 13-09-2021 07:57PM

Hi guys,

We did an application for HTB on revenue website as we are planning to buy a new house next year as first time buyers. We were curious how much they will give us and today we got it approved for Application max relief available: €9,899.84

i would like to ask, if doesn’t sound stupid how they came with this number? me and my wife we worked full time for the last 4 years so we applied as joint application.

i hope doesn’t sound stupid my question but i’m just wondering how do they calculate?

many thanks!

Bubbaclaus · 13-09-2021 07:59PM

https://www.boards.ie/discussion/comment/117886847#Comment_117886847

The PAYE and DIRT you have paid in the last 4 tax years. It's a refund of those taxes.

Pete123456 · 14-09-2021 05:11AM

https://www.boards.ie/discussion/comment/117886847#Comment_117886847

https://www.boards.ie/discussion/comment/117886855#Comment_117886855

Just to note, USC is not taken into account, just PAYE and DIRT.

Bubbaclaus · 14-09-2021 11:50AM

Thanks for the correction! I've updated my last post to avoid any confusion for anyone looking for guidance.

niniboots · 14-09-2021 01:07PM

https://www.boards.ie/discussion/comment/117886847#Comment_117886847

The application you have in place will only be valid until 31st December 2021. You mentioned buying next year, so you can reapply next year if the scheme continues, at that stage you may have more tax accrued under your 2021 employment & the rebate amount could change. Remember to check group figure versus the individual figures as you will get both.

Dublinandy3 · 16-09-2021 01:09PM

Hi All,

Our solicitor gave us the building agreement and executed contract to upload to the revenue website for the HTB scheme. However, when I went into the site to upload it also says that I need to upload a 'mortgage contract with their lender'. I phoned the bank and they said this was something the solicitor would give us as they have to sign or do something. Now the bank has given me the wrong information in the past and the solicitor or her secretary just isn't responding to me at the moment.

Is this something the bak or the solicitor should give me? Just so I don't want to finally get the solicitor for them to tell me it's the bank even if it isn't.

Thanks in advance.

Pete123456 · 16-09-2021 02:30PM

https://www.boards.ie/discussion/comment/117899442#Comment_117899442

You get the contract from your solicitor - ask for a copy of it by email - unsigned will be sufficient from Revenue. The bank probably wouldn’t give it to you either way.

28-09-2021 10:09PM

Hi, we signed contracts and provided access codes to out HTB claim about 4 months ago.

The builders still haven't claimed the htb. We get a claim pending message on the revenue website.

The house isn't built yet, so do they normally wait until its finished before sorting htb? Im beginning to wonder if they are holding out for an investment fund. Can they cancel the sale after contracts signed?

Dublinandy3 · 29-09-2021 07:37AM

Hi all,

Probably a similar question to the one above. I submitted the documents, is my solicitor supposed to give the vendors the claim number that was generated when I uploaded?

I am having issues with even getting responses from my solicitor. My build got delayed until after the new yet, I was told this was fine as long as we did all we need to before the end of this year but I just don't want to leave anything to chance. Would rather they claim the money asap, it is classed as a deposit so I would have thought they'd need it before completion of the build? It's not really a deposit is it if they just claim it the same time as the mortgage?

Leftwaffe · 29-09-2021 10:22AM

https://www.boards.ie/discussion/comment/117842846#Comment_117842846

Does anyone know the answer to this? Also, I’ve heard of people getting the HTB grant when going direct labour (no contractor), how is that done?

dia squish · 29-09-2021 10:26PM

Question on how HTB works - if, for example, I got HTB full approval and wanted to buy a new build with a price of €400,000. If I already €30,000 in savings, can I use savings + HTB to pay a deposit of €60,000 and get a mortgage of €340,000?

vivianm · 30-09-2021 06:47PM

Hi guys,

So I had applied for HTB and I was eligible for approx €19,000 n my wife was eligible for approx €25,000 but the max amount we could claim was €30,000 as per the HTB so my amount was around €4300 for which an access code and claim reference was given. I for some reason hadn't uploaded the loan offer n signed contracts on revenue as i initially thought that since the claim was approved. So now my construction company got back to me saying they've only gotten the €4300 and not received my wife side of the €25,000. That's when I checked my wife's revenue account n noticed revenue had sent messages on the my enquiry page requesting the documents to be uploaded. I uploaded them today, So my main question is as the construction company have received only €4300 will revenue check the documents and issue the rest of the €25000 or will we have to reapply again to claim the full amount. We haven't drawn down our mortgage yet. I don't seem to be getting a proper answer for this anywhere. Hoping someone can help me out here as I'm just assuming the worst and it's really worrying.

Thanks on advance.

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

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