Hi, has anyone who has self built received their HTB in two separate payments? It looks like my wife's half has come through and not my half although both were part of the group application, approval and verification? Anyone got any ideas?
Does anyone know how long it takes roughly for a contractor to be registered for the help to buy scheme?
Got my loan offer today but development won't be completed until after it expires so I'll need to apply again. But the contractor is still going through the process of registering as HTB eligible through Revenue. I'm just concerned about the HTB scheme not being renewed in 2023 :/
Here's a pretty helpful pdf about the application, claim and verification stages stages for buying and building:
https://www.revenue.ie › htb-...PDF
Help to Buy – Summary Guide for Applicants July 2022 - Revenue
Hi, has anyone gone through the claim and verification stage?
We've put through our claim for HTB and have received our claim number and access code.
Do we have to wait for a claim approval before getting our solicitor to verify? Or do we just give those details to solicitor now to verify?
We are building not buying.
Hi, it was around 5 weeks from when we applied till they finally reviewed & updated it to approved.
Best to send in a My Enquiries through MyAccount directly to the HTB team to get an exact answer. They answer all queries in date rotation.
You can go back for an increased loan offer, but I'm not sure about the HTB part.
Another question some of you may be able to help me with. Both myself and my partner are civil servants and due a pay rise in Oct and Nov which will make us eligible for the loan we need to secure the HTB. If we were to pay the deposit on the house now, could we update our loan offer late November and then claim the HTB back? The house is due to be completed in Dec but could be delayed until the new year
Thanks guys for the response. The shortfall would be around 25k. We could get that from the first home scheme but I'm wary about taking too much from it as its such a new scheme and I don't know too much about it. Its a pity its not counted as part of your loan as I'm sure this is where most people will need it to bridge the gap and be eligible for HTB
What would the shortfall amount be if you were to only use the First Home scheme?
Unfortunately not. I queried this with revenue before. Your mortgage must be at least 70% LTV. The FHS isn't considered a mortgage.
Hi guys wondering if anyone could help. I have placed a booking deposit on a new build and have just been denied an exemption with bank of Ireland. Our mortgage advisor has suggested that we take our max 3.5 from bank of Ireland and bridge the gap with the new first home scheme. The problem is that our mortgage approval from boi will be around 60 LTV because we didn't qualify for the exemption and the minium is 70%. Will the loan I am seeking from the first home scheme be considered to bring me over the 70% to avail of the HTB scheme?
Any chance you heard back on this yet? We submitted on the 11th and are seeing the same message, wondering if anything needs a follow-up from our end or if they're just slow...
Hi folks, I used HTB to buy my home in 2018. We got 13000 towards the deposit.
I'm thinking of moving back to Dublin next year and as far as I can tell, they'd claw back 20% or 2600 of that as I would be leaving in year 4 and you are supposed to stay 5 years.
Do I have that correct or is there anything else id have to pay back/consider?
The bank is looking for evidence of my HTB approval but have said that my name must be included on the document I submit. But when you log into myaccount and view the claim, it has the application code, maximum relief amount awarded and the expiry date - but it doesn't mention my name anywhere. Has anyone else been asked for their name to be included on the document they submit?
I was wondering about this too and found the answer from the Revenue's HTB guide published last month:
"You can only proceed to the Claim Stage after you have either:
- signed a contract if you are purchasing a new property, or
- drawn down the first tranche of your mortgage if self-building."
The Revenue guidance says that once contracts are signed pre Dec 2022 you're eligible - in all likelihood you'll submit the claim shortly after contracts are signed so the builder should already have the funds from Revenue in 2022
HTB might not be available beyond 2022. does any one know if we will still be eligible for HTB grant if:
Thanks NHG.
Up to the end of last year.
If I apply for Help To Buy today, do I get back 4 years of tax that I paid up until today, or until the end of last year?
Thanks.
How long does it take Revenue to approve your application?
Applied as part of a group (with OH), so application was in my name. She got a notification into her myaccount on the revenue website to accept joining the group.
Both of our tax affairs are up to date.
When I login into the application it says under Other Group Members - my OH's name and "Awaiting Membership Confirmation" even though she confirmed joining the group.
Sent an enquiry through my revenue account on 4th August to revenue, heard nothing since.
Has anyone any experience of cancelling a HTB application after funds have been placed,(cancelling house purchase)
Our new-build house has been delayed since January 2020, and we've been drip fed excuses from one month to the next.
We need secure accommodation with expectations that interest rates will rise until private ownership is drastically reduced
We used the HTB for our deposit and it has been paid out. We feel like asking the builders to let us out of the contract as they may be able to resell at a higher price with a lot in the waiting list.
Would revenue recoup the money through the builder, or through us? Would it be possible to re-apply after that?
would a 675k new build be eligible?
At what point do you click the claim button on MyAccount for the HTB?
We've paid booking deposit and are going ahead with loan approval. Contracts won't issue for a couple of weeks. Do we click claim now or what stage do we claim?
Sorry I misread your post, I thought you had the 32% made up from deposit and HTB, my apologies.
I only have a 10% deposit, the rest is coming from the new First Home Scheme announced yesterday. I've a fairly modest mortgage approval as well. I'm in no way wealthy or have a large deposit to buy a home.
to be fair, most people are struggling to get a 10-20% deposit these days, the limits there for a reason and in my eyes if you're in a position where your 68% LTV then HTB might not be the program for you.
That being said there's nothing stopping you being right on the limit and using that 2% for other misc. moving money (solicitors fees, moving trucks, fancier flooring)
The HTB team are the only ones able to give you a definitive answer on an application. The ONLY way to contact them directly is through My Enquiries when logged into MyAccount. They answer the My Enquiries in date rotation.
When you ring the PAYE Helpline you get to speak to a caseworker who has minimum training in HTB, and that caseworker has no direct way of contacting the HTB team to get an answer for you, that’s why you are getting different answers depending on the caseworkers experience.
It’s ridicules that there is no HTB helpline to be able to call directly given the stress that goes hand in hand with the securing of funds to enable one to proceed with the purchase/building of one’s home.
I'm in a similar situation. Our mortgage approval is 68% of the value of the home. The balance is being made up of the deposit and the new First Home Scheme. Is the 70% limit negotiable in any way?
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