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

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    #2072
    babybaby2017
    Registered Users Posts: 32 ✭babybaby2017


    advice please.  we are at 60 % of value of build now but need to get a top up of mortgage which will bring us to 70% . who can advice me if we now qualify for the HTB ?


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    #2073
    z0oT
    Registered Users Posts: 740 ✭✭✭z0oT


    I rang the revenue this morning and now our application is showing up as Approved for the max amount of 20k. We have an Application Code and an Access Code, and it's showing that we can proceed to the claim stage.

    I presume that's all that is needed for now until we get to the stage where we have the final loan offer in place from the bank and the contracts drawn up?

    We just paid a booking deposit on a new build yesterday.
    Glen_Quagmire wrote: »
    Apologies if this has been asked before but when applying for a joint mortgage (not married) do both applicants need to have the HTB grant approved or just one of the two?
    When I rang them this morning I was told that if both names are going to be on the final contracst then you have to apply as a group. Don't think being married comes into it.


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    #2074
    Atomic Pineapple
    Registered Users Posts: 18,272 ✭✭✭✭Atomic Pineapple


    You need to provide the HTB information to the estate agent/builders for the contract to be drawn up. We sent ours onto the estate agent and the bank after putting a deposit on a house. From here on in I believe the solicitor will take care of things.


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    #2075
    awec
    Administrators Posts: 53,365 Admin ✭✭✭✭✭awec


    You give them the code they ask for so they can verify your funds. After you sign the contracts they'll ask for another code so they can actually claim the funds.


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    #2076
    Glen_Quagmire
    Registered Users Posts: 1,137 ✭✭✭Glen_Quagmire


    Was on Revenue Online there and to qualify All applicants on the mortgage need to apply for the HTB.

    Question is, if one person qualifies and the other doesn't, what happens then...?


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    #2077
    awec
    Administrators Posts: 53,365 Admin ✭✭✭✭✭awec


    Glen_Quagmire wrote: »
    Was on Revenue Online there and to qualify All applicants on the mortgage need to apply for the HTB.

    Question is, if one person qualifies and the other doesn't, what happens then...?

    What do you mean qualifies?

    If one person is ineligible, ie they are not a first time buyer, then you cannot use help to buy at all.

    If they are eligible, but they get a rebate of €0, then it doesn’t matter, your max rebate will just be whatever the other person can get.


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    #2078
    Glen_Quagmire
    Registered Users Posts: 1,137 ✭✭✭Glen_Quagmire


    awec wrote:
    What do you mean qualifies?

    awec wrote:
    If one person is ineligible, ie they are not a first time buyer, then you cannot use help to buy at all.

    awec wrote:
    If they are eligible, but they get a rebate of €0, then it doesn’t matter, your max rebate will just be whatever the other person can get.


    Gotcha. I am eligible for the 20k because I applied last year but need to renew it again for 2018. My partner hasn't had a full time job since we had the little one a few years ago so not sure what she would be eligible to receive, most likely nothing.

    I thought it might be a case where both applicants need to be eligible or else neither is but it looks like that's not the case..


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    #2079
    z0oT
    Registered Users Posts: 740 ✭✭✭z0oT


    Thanks for the answers above. We should now be ready to go with the HTB when it's requested.

    The Agent has told me that other couples who bought in the same development have used the HTB aswell, hopefully there'll be no issues.
    Glen_Quagmire wrote: »
    I thought it might be a case where both applicants need to be eligible or else neither is but it looks like that's not the case..
    With us, my wife was only eligible for a little over 2k, having only been in the country since early last year.

    I on the other hand am eligible for 20k myself, so our application shows 20k available as the max.


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    #2080
    z0oT
    Registered Users Posts: 740 ✭✭✭z0oT


    Something I notice on the new build we've paid a booking deposit into...

    The Agent has it down on the Daft.ie page that it is eligble for the Help to Buy scheme. Upon talking to the agent I was told that couples who have bought into the development previously in the last few months have used the Help to Buy scheme.

    But... upon checking the list of qualifying contracters on the Revenue website HERE (PDF), I can't find the developer on the list.

    Guess I'll have to check with them again. Just curious if this has happened to people here before?


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    #2081
    awec
    Administrators Posts: 53,365 Admin ✭✭✭✭✭awec


    z0oT wrote: »
    Something I notice on the new build we've paid a booking deposit into...

    The Agent has it down on the Daft.ie page that it is eligble for the Help to Buy scheme. Upon talking to the agent I was told that couples who have bought into the development previously in the last few months have used the Help to Buy scheme.

    But... upon checking the list of qualifying contracters on the Revenue website HERE (PDF), I can't find the developer on the list.

    Guess I'll have to check with them again. Just curious if this has happened to people here before?
    Yes, sometimes the developers are listed on the revenue site under a different name.

    All depends on what way the developer company is structured.

    Your developer / estate agent will be able to tell you the name they are listed under.


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    #2082
    autumnbelle
    Registered Users Posts: 1,162 ✭✭✭autumnbelle


    Can anyone tell me what way this works on a self build using direct labour? Do I just get solicitor to apply for it? Is it 70% of the cost of build or 70% of completed value and who values it? Our engineer?


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    #2083
    awec
    Administrators Posts: 53,365 Admin ✭✭✭✭✭awec


    autumnbelle wrote: »
    Can anyone tell me what way this works on a self build using direct labour? Do I just get solicitor to apply for it? Is it 70% of the cost of build or 70% of completed value and who values it? Our engineer?
    You have to be borrowing at least 70% of the lenders valuation.


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    #2084
    podgemonster
    Registered Users Posts: 2,228 ✭✭✭podgemonster


    Our building developer has just verified our claim and revenue have just issued me a mail saying the claim is approved and the HTB refund will be issued in the next 5 working days.


    My question is, as I understand it, this refund will now go directly to the developer?


    We are purchasing a new build off the plans.


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    #2085
    awec
    Administrators Posts: 53,365 Admin ✭✭✭✭✭awec


    podgemonster wrote: »
    Our building developer has just verified our claim and revenue have just issued me a mail saying the claim is approved and the HTB refund will be issued in the next 5 working days.


    My question is, as I understand it, this refund will now go directly to the developer?


    We are purchasing a new build off the plans.

    Yes, it'll go to your developers solicitor.


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    #2086
    Glen_Quagmire
    Registered Users Posts: 1,137 ✭✭✭Glen_Quagmire


    I'm eligible for the HTB but need to add my GF info the application so I need to cancel my application and resubmit as a joint application.

    I done mine about 2 years ago so can't remember how long it takes from start to finish, i.e. submitting the Form 12s etc.

    Anyone done it recently know how long the process is these days?


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    #2087
    Daniogroove
    Registered Users Posts: 255 ✭✭Daniogroove


    Glen_Quagmire wrote: »
    I'm eligible for the HTB but need to add my GF info the application so I need to cancel my application and resubmit as a joint application.

    I done mine about 2 years ago so can't remember how long it takes from start to finish, i.e. submitting the Form 12s etc.

    Anyone done it recently know how long the process is these days?

    It's only a few days after submitting the form 12s.. another 4 to 5 to get approval then after but i was a solo application so maybe yours will be slower.


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    #2088
    z0oT
    Registered Users Posts: 740 ✭✭✭z0oT


    z0oT wrote: »
    But... upon checking the list of qualifying contracters on the Revenue website HERE (PDF), I can't find the developer on the list.

    Guess I'll have to check with them again. Just curious if this has happened to people here before?
    So.... according to the agent, the Developer is not yet set up with the Revenue for the Help to Buy scheme hence their name not being on the list.

    However I've been assured that it will be honored when the time comes to claim it given that they have advertised the development being eligible. Other people who have bought into the development have asked the same question.

    I'm not sure what to think of that. I guess the details will have to be worked out when the contracts go to the solicitors.

    We could still afford the house without the Help to Buy, but yet at the same time it would be nice to get something back from the Revenue given its likely already pushed up prices for new builds.

    Question if anyone knows - What does a developer have to do to become a qualifying contracter with the Help to Buy scheme?


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    #2089
    poggy
    Registered Users Posts: 264 ✭✭poggy


    Hi all,

    Quick question, and sorry if I have missed it here or on the revenue site.

    Is there a number I can contact revenue on in relation to the HTB grant?


    Thanks in advance.


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    #2090
    z0oT
    Registered Users Posts: 740 ✭✭✭z0oT


    poggy wrote: »
    Hi all,

    Quick question, and sorry if I have missed it here or on the revenue site.

    Is there a number I can contact revenue on in relation to the HTB grant?


    Thanks in advance.

    I rang the standard PAYE helpline and they helped me out with our application.


    https://revenue.ie/en/contact-us/index.aspx


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    #2091
    poggy
    Registered Users Posts: 264 ✭✭poggy


    z0oT wrote: »
    I rang the standard PAYE helpline and they helped me out with our application.


    https://revenue.ie/en/contact-us/index.aspx

    Cheers!


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    #2092
    GingerLily
    Registered Users Posts: 4,767 ✭✭✭GingerLily


    z0oT wrote: »
    So.... according to the agent, the Developer is not yet set up with the Revenue for the Help to Buy scheme hence their name not being on the list.

    However I've been assured that it will be honored when the time comes to claim it given that they have advertised the development being eligible. Other people who have bought into the development have asked the same question.

    If your sign contracts you'd wanna put in a clause about that HTB thing then.


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    #2093
    z0oT
    Registered Users Posts: 740 ✭✭✭z0oT


    GingerLily wrote: »
    If your sign contracts you'd wanna put in a clause about that HTB thing then.
    I was thinking one could do that if need be.

    It'll be a question for our solicitor when he has the contracts.


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    #2094
    dellas1979
    Closed Accounts Posts: 4,128 ✭✭✭dellas1979


    Question for people building.

    Am requistioning/drawing down first stage. Am eligible for HTB. I believe I can claim after first stage is drawn down?

    (believe its 5% of valuation?)


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    #2095
    awec
    Administrators Posts: 53,365 Admin ✭✭✭✭✭awec


    dellas1979 wrote: »
    Question for people building.

    Am requistioning/drawing down first stage. Am eligible for HTB. I believe I can claim after first stage is drawn down?

    (believe its 5% of valuation?)
    5% of lenders valuation to a maximum of 20,000.


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    #2096
    Blanchy90
    Registered Users Posts: 849 ✭✭✭Blanchy90


    Just curious, the final code to claim the htb money by the builder. Should this be requested by the builders solicitor or provided by my solicitor?
    https://www.youtube.com/channel/UCDsaagYfEyTnhg-r209RCbQ?sub_confirmation=1




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    #2097
    Creamy Goodness
    Registered Users Posts: 26,556 ✭✭✭✭Creamy Goodness


    Blanchy90 wrote: »
    Just curious, the final code to claim the htb money by the builder. Should this be requested by the builders solicitor or provided by my solicitor?
    I just gave mine to the estate agent and they passed it on. If it involves money you'll never see a builder act faster :pac:


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    #2098
    awec
    Administrators Posts: 53,365 Admin ✭✭✭✭✭awec


    Blanchy90 wrote: »
    Just curious, the final code to claim the htb money by the builder. Should this be requested by the builders solicitor or provided by my solicitor?

    The builders solicitor will ask your solicitor for it, who in turn will ask you for it.

    All conversations of this sort with the builder should go via your solicitor.


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    #2099
    Blanchy90
    Registered Users Posts: 849 ✭✭✭Blanchy90


    awec wrote: »
    The builders solicitor will ask your solicitor for it, who in turn will ask you for it.

    All conversations of this sort with the builder should go via your solicitor.

    Thanks, my issue is I was never asked for the final claim reference so trying to see who is to blame
    https://www.youtube.com/channel/UCDsaagYfEyTnhg-r209RCbQ?sub_confirmation=1




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    #2100
    awec
    Administrators Posts: 53,365 Admin ✭✭✭✭✭awec


    Blanchy90 wrote: »
    Thanks, my issue is I was never asked for the final claim reference so trying to see who is to blame

    When you upload the signed contracts it gives you that code.

    Your solicitor should have instructed you to send the code to them as soon as you had uploaded the contracts.

    The code is available in the “my enquiries” bit of revenue online.


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    #2101
    Blanchy90
    Registered Users Posts: 849 ✭✭✭Blanchy90


    awec wrote: »
    When you upload the signed contracts it gives you that code.

    Your solicitor should have instructed you to send the code to them as soon as you had uploaded the contracts.

    The code is available in the “my enquiries” bit of revenue online.

    Thanks I've done all that now
    https://www.youtube.com/channel/UCDsaagYfEyTnhg-r209RCbQ?sub_confirmation=1




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