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

gandalfio · 08-07-2022 3:24am

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?

nhg · 08-07-2022 6:06am

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.

Creamy Goodness · 08-07-2022 10:41am

https://www.boards.ie/discussion/comment/119307012#Comment_119307012

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)

gandalfio · 08-07-2022 11:26am

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.

Creamy Goodness · 08-07-2022 12:06pm

Sorry I misread your post, I thought you had the 32% made up from deposit and HTB, my apologies.

TheGunns · 14-07-2022 10:01pm

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?

sw59td · 15-07-2022 1:05am

would a 675k new build be eligible?

06-08-2022 9:55pm

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?

JimmyCorkhill · 15-08-2022 8:42pm

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.

Galwayhurl · 15-08-2022 9:02pm

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.

nhg · 16-08-2022 6:16am

https://www.boards.ie/discussion/comment/119478146#Comment_119478146

Up to the end of last year.

Galwayhurl · 16-08-2022 9:01am

https://www.boards.ie/discussion/comment/119479257#Comment_119479257

Thanks NHG.

uljha.insaan · 18-08-2022 9:59pm

HTB might not be available beyond 2022. does any one know if we will still be eligible for HTB grant if:

we get approval from revenue in 2022
we sign the contracts in 2022
But house only gets ready in 2023, which means we get house in 2023. will revenue still give 30K in 2023 as contracts were signed in 2022?

TheGunns · 18-08-2022 11:13pm

https://www.boards.ie/discussion/comment/119491412#Comment_119491412

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

Viva La Gloria · 19-08-2022 8:43am

https://www.boards.ie/discussion/comment/119338904#Comment_119338904

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."

Viva La Gloria · 19-08-2022 8:47am

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?

21-08-2022 1:39pm

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?

Baron_Von_Baka · 26-08-2022 7:23pm

https://www.boards.ie/discussion/comment/119478010#Comment_119478010

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...

Jassgal · 27-08-2022 5:31pm

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?

gandalfio · 28-08-2022 9:46am

Unfortunately not. I queried this with revenue before. Your mortgage must be at least 70% LTV. The FHS isn't considered a mortgage.

Viva La Gloria · 29-08-2022 12:00pm

https://www.boards.ie/discussion/comment/119529993#Comment_119529993

What would the shortfall amount be if you were to only use the First Home scheme?

Jassgal · 29-08-2022 3:27pm

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

Jassgal · 29-08-2022 3:33pm

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

gandalfio · 29-08-2022 8:11pm

You can go back for an increased loan offer, but I'm not sure about the HTB part.

nhg · 29-08-2022 10:21pm

https://www.boards.ie/discussion/comment/119537993#Comment_119537993

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.

JimmyCorkhill · 04-09-2022 8:57pm

https://www.boards.ie/discussion/comment/119526569#Comment_119526569

Hi, it was around 5 weeks from when we applied till they finally reviewed & updated it to approved.

MooShop · 11-09-2022 8:43am

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.

Viva La Gloria · 11-09-2022 8:38pm

https://www.boards.ie/discussion/comment/119602179#Comment_119602179

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

Viva La Gloria · 12-09-2022 7:25pm

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 :/

andysyn8 · 15-09-2022 1:37pm

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?

ppd1990 · 21-09-2022 9:45pm

https://www.boards.ie/discussion/comment/118827427#Comment_118827427

Hello,

I am in a similar situation with my HTB application.

Context:

I am new to this whole house-buying thing in Ireland. My mortgage is approved by BOI and I am about to reserve a new build.

For my HTB application, revenue did not make it easier for me by having technical issues with creating a statement of liability, this is yet to be resolved. I paid an external accountant to file my returns on my behalf and I eventually got a tax clearance. Mind you the technical issue on revenue is still not resolved. They have been at it for close the three months now. Multiple emails and phone calls later I just get bounced around from one department to the other. Sometimes the phone gets disconnected after hearing my issue.

Now as per the rule I have to include my wife on the HTB application as she is part of the mortgage(because BOI says it is mandatory). But when I add her to the HTB group application she is mandated to choose a year of her tax year to be included in the claim. Now my previous year's tax is enough to cover the whole eligible amount of €30k. She is new to the country which is why she has no previous employment or tax history and cant choose a year as it says the previous year's statement of liability is not generated.

Question:

How do we get her name to be included on the HTB application without the need for selecting previous years while making the HTB application?When I made the HTB application as an individual I got approval for the full €30k. Any suggestions on how this conflict can be resolved?

Appreciate any help I can get in this regard. Thanks in advance

Giblet · 21-09-2022 9:56pm

I added my wife to the group, but she did not have to select any years as my year covered the entire amount, similar to yourself.

All she had to do was log into MyAccount on Revenue Online and confirm she was part of the group. She hasn't worked in Ireland.

ppd1990 · 22-09-2022 10:18am

https://www.boards.ie/discussion/comment/119648338#Comment_119648338

Hi,

Were your accounts connected to each other before that? As in for joint assessments?

Ours are not connected yet due to some issues from the revenue side. She tried changing her civil status to married and inputting my PPS number, but it is not getting reflected for some reason. Have logged inquiries with revenue to rectify that. Hope that will sort it out.

Thank you for your response.

Giblet · 22-09-2022 10:43am

We are jointly assessed in Revenue, yes. So that probably helps!

They are usually quick to solve issues if you call them.

ppd1990 · 22-09-2022 12:42pm

https://www.boards.ie/discussion/comment/119649631#Comment_119649631

That makes sense. I have made a request to be jointly assessed and called them too. They said it should be done in a few days.

Really appreciate your prompt response. Many thanks

Seaandwind · 26-09-2022 3:26pm

Spotted on TheJournal.ie that HTB will be extended for two more years.

neveed · 27-09-2022 9:51am

I am planning to buy a property this year but only can claim HTB of 2021 if I claim HTB this year. Now builder would like to sign contracts this year but it is unlikely we will be getting the house this year. Can we apply new application next year with 2022 tax as well to get more HTB even if contract is signed this year and 10% deposit also paid. There would still be a lot of gap between mortgage approval and 10% deposit that HTB can help with next year.

Next year at claim stage, if contract sign date is of few months old and 10% deposit already paid is mentioned in the form, HTB can still be granted?

otterj · 03-10-2022 6:14pm

Hi, Has anyone any experience of applying for the HTB scheme when buying a derelict property ?

"First-time buyers may purchase a site containing a house which is derelict and which they plan to demolish, in whole or in part, with the intention of building a new house"

What does demolish in part mean? ie can you demolish the rear wall and the roof to qualify as demolishing the house ?

Also, can you apply for the €50k refurbishment grant that was recently announced in conjunction with the HTB scheme potentially bringing the total grant to €80k?

turpe · 08-10-2022 2:34pm

https://www.boards.ie/discussion/comment/119492273#Comment_119492273

Have the same problem... have either application code / expiry date and the max amount OR application code / max amaunt and my name... but the broker said i need to have all on one, and that document doesnt exist (opr at least i cannot find it anywhere). Contacted revenue but not sure how long it's gonna take them to reply.

Viva La Gloria · 09-10-2022 9:13am

https://www.boards.ie/discussion/comment/119717423#Comment_119717423

So I did actually figure out how to find it, it's under 'My Enquiries' in your account on Revenue!

turpe · 09-10-2022 10:09am

https://www.boards.ie/discussion/comment/119720200#Comment_119720200

Thanks for the reply. Did you have to wait for it / send a separate enquiry or did you get it at the same time as the other correspondence (in revenue record)? It's not there in my case (i'm self-eployed if that makes any difference). Got the other ones on the 29th, but still nothing in 'my enquiries' :/

aisehi · 11-10-2022 11:53pm

Hi, I am applied for HTB like a week back and also included my wife's name in it but haven't heard anything from the revenue yet. I have also raised an enquiry but it also shows as pending. Can someone tell me how to find out where it is stuck or how to contact revenue "help to buy" department? I couldn't find any particular contacts for that.

I also checked one document for HTB - updated July 2022 which showed that you also get to see the "potential amount" I can get refunded but in my case, I didn't see any amount like such. So I am not sure if there's something I missed it.

Also, can someone guide me as how to raise tax clearance cert for HTB?

PS: I came to know on the weekend that I have some tax-due which I paid that time itself.

Any lead/info would be helpful. TIA.

Viva La Gloria · 12-10-2022 8:41pm

https://www.boards.ie/discussion/comment/119720352#Comment_119720352

I'm not sure to be honest, I had queried it with the bank when they asked me for it and they told me where to find the relevant info. There is a pdf online that has loads of FAQs around the HTB, maybe the answer could be there? Sorry I can't be of more help, I'm not self employed 😞

Viva La Gloria · 12-10-2022 8:48pm

https://www.boards.ie/discussion/comment/119732680#Comment_119732680

Not sure about two people applying because I did mine as a single application. But you won't see the amount you expect to receive until you have all of your tax affairs in order. There's some info on that here pertaining to the tax clearance cert: https://www.revenue.ie/en/online-services/services/manage-your-record/apply-for-tax-clearance-online-using-etc.aspx

selfbuilder22 · 12-10-2022 11:04pm

They are not very quick at responding as people might have previously experienced with them,I lodged our application to see how much we would be eligible for about 3 weeks ago and got response in ‘my enquiries’ just this week advising amount we are eligible for. This however was after lodging 2 queries as it looked like the application was stuck as it didn’t change from ‘application membership confirmation’ or something to that effect on both our revenue accounts. My first query wasn’t replied to for a week until I chased for a response.

aisehi · 13-10-2022 10:00am

https://www.boards.ie/discussion/comment/119737148#Comment_119737148

Thanks! But how to chase them? I don't see anyway other than putting updates on my enquiries.

aisehi · 15-10-2022 9:22am

Just got a reply from the HTB team few days back.

If someone need HTB on priority then they should raise an enquiry mentioning the same along with attaching the copy of AIP, contact details of the contractor, receipt of the amount paid for reserving the property(this one I sent, not sure if it made the difference).

And also just check the "statement of liability" for the years you are raising the request. If any of the years show "underpayment". Pay that before sending the enquiry!

Hope it helps!

Viva La Gloria · 20-10-2022 8:52am

This is probably such a stupid question but I'm just not sure how this works...

My HTB grant is going to expire at the end of December - I can't make the claim yet because 1. The contracts haven't come yet (new build) 2. The builder is still in the process of applying to be a registered HTB contractor as they have set up a new company for this development.

If it doesn't happen before December, I'll have to reapply for HTB. I got a new job in April with a €10K salary increase so I've been paying more tax than before at the higher rate. So if I reapply for HTB in Jan and it includes the 2022 tax year, does that mean the amount I will get increases?

neveed · 24-10-2022 2:53pm

I am planning to buy a property this year but only can claim HTB of 2021 if I claim HTB this year. Now builder would like to sign contracts this year but it is unlikely we will be getting the house this year. Can we apply new application next year with 2022 tax as well to get more HTB even if contract is signed this year and 10% deposit also paid. There would still be a lot of gap between mortgage approval and 10% deposit that HTB can help with next year.

Next year at claim stage, if contract sign date is of few months old and 10% deposit already paid is mentioned in the form, HTB can still be granted?

JimmyCorkhill · 06-11-2022 9:38pm

Hi, if using HTB for first time purchase of a new build, I understand the builder gets the refund of lets say the 30k (maximum available).

Assuming a house is costing 500k, you get 30k off from HTB, so costing you 470k in total.

As the builder is getting the refund and it is not a case that you are paying 500k and waiting a few weeks to get a refund of 30k, I presume you would only need to organise a mortgage loan (taking into account any deposit etc.) to get you to 470k? Ignoring stamp duty for the moment.

Thanks

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

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