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Incentive to buy/build scheme

  • 07-04-2022 10:12pm
    #1
    tonydude
    Registered Users Posts: 1,672 ✭✭✭


    Hi guys looking for some advice with this topic, I'm building a house and I'm going down the direct labour route, am I still eligible to apply for this grant instead of going with a contractor?

    Has anyone been in the same boat?


    Thanks



Comments

  • #2
    2smiggy
    Registered Users Posts: 19,922 ✭✭✭✭2smiggy


    Doing the same. You need to get a mortgage approved to 70% plus of the value of the house.


    For me I started the house before I had my mortgage approved, had a bit saved. I had the site valued with the blocks up. The bank will supply this for a fee. Just key to get the mortgage approved amount 70% + of the value of the finished house.

    The amount is up to 30K , depending on value of house up to 10%, or total of last 4 years tax paid (not USC). Between u and partner. Which ever is less. The value of your house can't be more than 500k either.


    PM me any questions



  • #3
    2smiggy
    Registered Users Posts: 19,922 ✭✭✭✭2smiggy


    Also u and a partner if u have one can't have taken a mortgage out on a house previously



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