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

john_this · 11-09-2018 6:19pm

Ok agreed - some are more plausable than others, i.e. #6, however you could lose or job or be required to move offices abroad within 1yr of the rebate and possibly be liable for almost the full €20k.

GingerLily · 11-09-2018 6:45pm

john_this wrote: »

Ok agreed - some are more plausable than others, i.e. #6, however you could lose or job or be required to move offices abroad within 1yr of the rebate and possibly be liable for almost the full €20k.

Yes, rules are rules

Also, as long as you sell the house for at least what you bought it for, you've lost no money. Don't buy a house you think wouldn't resell well would be my advise

john_this · 11-09-2018 6:58pm

GingerLily wrote: »

Yes, rules are rules

Also, as long as you sell the house for at least what you bought it for, you've lost no money. Don't buy a house you think wouldn't resell well would be my advise

I think that’s a bit of a non-sensical response, obviously in this example the person does not want to sell/rent from the outset, however there will be unforeseen circumstances which can change and may not have a choice (and hopefully this doesn’t happen to you). The UK have tried to answer this for their HTB scheme and I believe take a “common sense” approach to each situation.

GingerLily · 11-09-2018 7:13pm

john_this wrote: »

I think that’s a bit of a non-sensical response, obviously in this example the person does not want to sell/rent from the outset, however there will be unforeseen circumstances which can change and may not have a choice (and hopefully this doesn’t happen to you). The UK have tried to answer this for their HTB scheme and I believe take a “common sense” approach to each situation.

Stating the obvious is not non-sensical

john_this · 11-09-2018 7:25pm

GingerLily wrote: »

Stating the obvious is not non-sensical

“Don't buy a house you think wouldn't resell”...
that may be your logic and mindset at the time but what if your personal circumstances change is what I’m trying to get accross.

Also what about renting, you may have to move your family abroad for a couple years through your profession. I think the HTB scheme is designed to avoid people intentionally taking advantage of the rebate, however no doubt there will be cases where the clawback could be unfair.

Westwood · 12-09-2018 6:08pm

Guys. Question if I may, I signed contracts back in June and possibly closing in mid October, I've applied for the rebate and got approved however I'm yet to get approved for 70LTV ratio which is there criteria, currently sitting at 68% with one bank and vigorously trying others to secure the higher loan amount. So I'm wondering what's the cut off point for this rebate, can It be claimed, right up until the closing bell or even after the sale has gone through? I know ideally it should have been drawn Down at deposit stage but that is all paid and builder never requested even tho we were approved....

GingerLily · 12-09-2018 6:55pm

Westwood wrote: »

Guys. Question if I may, I signed contracts back in June and possibly closing in mid October, I've applied for the rebate and got approved however I'm yet to get approved for 70LTV ratio which is there criteria, currently sitting at 68% with one bank and vigorously trying others to secure the higher loan amount. So I'm wondering what's the cut off point for this rebate, can It be claimed, right up until the closing bell or even after the sale has gone through? I know ideally it should have been drawn Down at deposit stage but that is all paid and builder never requested even tho we were approved....

Our rebate was claimed at closing - lots of developers don't accept it anymore at deposit stage!

z0oT · 13-09-2018 10:21am

GingerLily wrote: »

Our rebate was claimed at closing - lots of developers don't accept it anymore at deposit stage!

If that was the case, I presume you would have just paid 5% at the contract signing stage? And that the contract would have specified that - ie. Deposit payable = 10% of Property Price - Booking Deposit - Help to Buy amount?

For us, it would seem the developer isn't yet set up to claim Help to Buy refunds from the revenue (they're not on the list of qualified contracters), but will be set up in the near future. According to the agent they're willing to honor it at a different stage. I need to talk to Revenue myself to see if and how this could work.

I'm not sure where it'll end up or whether we'll really be able to claim it, but our solicitor is trying to sort it out at the minute. We have our loan offer from the bank ready to go without the Help to Buy amount as a contingency in the meantime.

GingerLily · 13-09-2018 10:55am

z0oT wrote: »

If that was the case, I presume you would have just paid 5% at the contract signing stage? And that the contract would have specified that - ie. Deposit payable = 10% of Property Price - Booking Deposit - Help to Buy amount?

For us, it would seem the developer isn't yet set up to claim Help to Buy refunds from the revenue (they're not on the list of qualified contracters), but will be set up in the near future. According to the agent they're willing to honor it at a different stage. I need to talk to Revenue myself to see if and how this could work.

I'm not sure where it'll end up or whether we'll really be able to claim it, but our solicitor is trying to sort it out at the minute. We have our loan offer from the bank ready to go without the Help to Buy amount as a contingency in the meantime.

I paid 10% at contract signing, our LTV is less than 90%.

A lot of developments in Dublin aren't accepting HTB as part of the 10% contracts, it goes against the spirit of the scheme but Revenue can't stop them.

z0oT · 13-09-2018 11:36am

GingerLily wrote: »

I paid 10% at contract signing, our LTV is less than 90%.

It's not clear from your posts - Are you saying you paid 10% out of your own savings at the contract signing and then the 90% - The Help to Buy amount at closing?

Just trying to understand.

I wasn't aware that it could be done that way. I thought the Help to Buy had to be claimed and paid out at the contract signing stage.

GingerLily · 13-09-2018 11:43am

z0oT wrote: »

It's not clear from your posts - Are you saying you paid 10% out of your own savings at the contract signing and then the 90% - The Help to Buy amount at closing?

Just trying to understand.

I wasn't aware that it could be done that way. I thought the Help to Buy had to be claimed and paid out at the contract signing stage.

We paid 10% at contract signing.

The developer claimed the HTB after we finalised snagging, and when they received the money then the sent out the final paperwork.

The bank released the funds after confirming the HTB had paid out.

That's just what happened with our house purchase.

z0oT · 13-09-2018 12:33pm

GingerLily wrote: »

We paid 10% at contract signing.

The developer claimed the HTB after we finalised snagging, and when they received the money then the sent out the final paperwork.

The bank released the funds after confirming the HTB had paid out.

That's just what happened with our house purchase.

Thanks for clarifying.

I'll need to run our situation by the Revenue I guess.

Atomic Pineapple · 13-09-2018 12:34pm

GingerLily wrote: »

We paid 10% at contract signing.

The developer claimed the HTB after we finalised snagging, and when they received the money then the sent out the final paperwork.

The bank released the funds after confirming the HTB had paid out.

That's just what happened with our house purchase.

Shouldn't you have got the HTB payment back then!?

EDIT: Ah OK, I guess because your LTV was less than 90% the HTB covered the difference?

z0oT · 14-09-2018 9:02am

At the claim stage, I gather you need to furnish Revenue with the signed contracts and signed loan offer from the bank.

What was the mortgage amount on the loan offer for those that have claimed it?

We would be at an LTV of about 85%, claiming the Help to Buy would bring us down to 80%. In our case does the loan offer we would provide to Revenue have to be specified at 80% LTV or 85% LTV? Does it matter?

I know you can't claim it at all if you're under 70% LTV.

hanaimai · 14-09-2018 9:05am

z0oT wrote: »

At the claim stage, I gather you need to furnish Revenue with the signed contracts and signed loan offer from the bank.

What was the mortgage amount on the loan offer for those that have claimed it?

We would be at an LTV of about 85%, claiming the Help to Buy would bring us down to 80%. In our case does the loan offer we would provide to Revenue have to be specified at 80% LTV or 85% LTV? Does it matter?

I know you can't claim it at all if you're under 70% LTV.

The HTB doesn't change your LTV. Your LTV is the ratio of your mortgage to the value of the house and these figures are static regardless of whether or not you avail of the HTB. For example, you purchase your house for 400,000 and take out a loan of 350,000. Your LTV is 86% and you need a deposit of 50,000. The HTB reduces the deposit, but your LTV will always stay the same.

GingerLily · 14-09-2018 9:26am

z0oT wrote: »

At the claim stage, I gather you need to furnish Revenue with the signed contracts and signed loan offer from the bank.

What was the mortgage amount on the loan offer for those that have claimed it?

We would be at an LTV of about 85%, claiming the Help to Buy would bring us down to 80%. In our case does the loan offer we would provide to Revenue have to be specified at 80% LTV or 85% LTV? Does it matter?

I know you can't claim it at all if you're under 70% LTV.

If you want to change your mortgage amount you'll need to do that with the bank, the bank don't deal with revenue.

z0oT · 14-09-2018 10:37am

hanaimai wrote: »

The HTB doesn't change your LTV. Your LTV is the ratio of your mortgage to the value of the house and these figures are static regardless of whether or not you avail of the HTB. For example, you purchase your house for 400,000 and take out a loan of 350,000. Your LTV is 86% and you need a deposit of 50,000. The HTB reduces the deposit, but your LTV will always stay the same.

Well assuming we can get our hands on it, it'll be another 5% of the purchase price we wouldn't have got otherwise. So we'll use it to reduce the mortgage by the corresponding amount, that's the plan.

Have you availed of it?

GingerLily wrote: »

If you want to change your mortgage amount you'll need to do that with the bank, the bank don't deal with revenue.

Well obviously that's the case, but that's not what I'm asking at all.

Lets take example numbers to illustrate:

New Build Price: 400k
Eligible Help to Buy Amount: 20k
Available Funds for Deposit: 40k

So the final mortgage amount will either be 360k (90% LTV without the HTB) or 340k (85% LTV with the HTB).

When you provide Revenue with the Loan Offer Letter from the bank, does it need to be 340k or 360k in the above example?

hanaimai · 14-09-2018 11:10am

z0oT wrote: »

Well assuming we can get our hands on it, it'll be another 5% of the purchase price we wouldn't have got otherwise. So we'll use it to reduce the mortgage by the corresponding amount, that's the plan.

Have you availed of it?

Well obviously that's the case, but that's not what I'm asking at all.

Lets take example numbers to illustrate:

New Build Price: 400k
Eligible Help to Buy Amount: 20k
Available Funds for Deposit: 40k

So the final mortgage amount will either be 360k (90% LTV without the HTB) or 340k (85% LTV with the HTB).

When you provide Revenue with the Loan Offer Letter from the bank, does it need to be 340k or 360k in the above example?

Yes, I'm currently going through the process.

In your example, you just pick whichever mortgage amount you want. If you want to borrow 360k and you are eligible for 20k from the HTB, then you just need to put 20k more in to the deposit and you can keep your remaining 20k for furniture or whatever. If you'd prefer to borrow less, then you apply for a mortgage of 340k, use 20k of the HTB towards the deposit and you put up the remaining 40k required.

So it's not really a case of which one should it be, it's whichever loan amount you want to apply to the bank for and that the bank has approved for you to borrow.

GingerLily · 14-09-2018 11:13am

z0oT wrote: »

Well assuming we can get our hands on it, it'll be another 5% of the purchase price we wouldn't have got otherwise. So we'll use it to reduce the mortgage by the corresponding amount, that's the plan.

Have you availed of it?

Well obviously that's the case, but that's not what I'm asking at all.

Lets take example numbers to illustrate:

New Build Price: 400k
Eligible Help to Buy Amount: 20k
Available Funds for Deposit: 40k

So the final mortgage amount will either be 360k (90% LTV without the HTB) or 340k (85% LTV with the HTB).

When you provide Revenue with the Loan Offer Letter from the bank, does it need to be 340k or 360k in the above example?

You will already be approved for the scheme before you send the contracts to Revenue as part of the claim stage, the loan offer you send should be the one you actually plan on drawing down - so if you want to use thr HTB to increase your deposit and reduce your mortgage you'll need a new loan offer.

z0oT · 14-09-2018 11:25am

Thank you both for your answers.

GingerLily wrote: »

If you want to use thr HTB to increase your deposit and reduce your mortgage you'll need a new loan offer.

Crux of the issue for us is that the bank wants to see the developer registered on the list of Approved Contracters on the Revenue website before they'll reduce the amount on the Loan Offer.

GingerLily · 14-09-2018 2:47pm

z0oT wrote: »

Thank you both for your answers.

Crux of the issue for us is that the bank wants to see the developer registered on the list of Approved Contracters on the Revenue website before they'll reduce the amount on the Loan Offer.

Can you not just get a mortgage for the higher amount? You can always pay off a large chunk early if you leave a portion of your mortgage at a variable interest rate?

z0oT · 14-09-2018 4:41pm

GingerLily wrote: »

Can you not just get a mortgage for the higher amount? You can always pay off a large chunk early if you leave a portion of your mortgage at a variable interest rate?

Yes, that's no issue - We already have the mortgage loan offer for the higher amount, as a contingency. It actually isn't that big of a deal if we can't claim it.

The developer we're buying from doesn't strike me as the most organized, if they're to advertise eligibility for Help to Buy, they really should have it all ironed out up front and be on that list.

Chrisc84 · 17-09-2018 1:40pm

Hey

Just wondering if someone could confirm if my understanding is correct.

I am purchasing for 225k at 90% LTV, I have 5% myself and am planning to use HTB for the other 5%. Do I pay my 5% at contract signing and then the developer will claim the other 5% from Revenue before the sale closes.

Also have people insisted on clauses being entered in the contract to account for the HTB claim being successful or is it certain to be paid out once the approval of the application has been obtained.

podgemonster · 17-09-2018 2:13pm

Chrisc84 wrote: »

Hey

Just wondering if someone could confirm if my understanding is correct.

I am purchasing for 225k at 90% LTV, I have 5% myself and am planning to use HTB for the other 5%. Do I pay my 5% at contract signing and then the developer will claim the other 5% from Revenue before the sale closes.

Also have people insisted on clauses being entered in the contract to account for the HTB claim being successful or is it certain to be paid out once the approval of the application has been obtained.

Your first question is the essence of what the scheme is for. To help first time buyers fund their deposit. However the developer is under no obligation to proceed this way and can request 10% deposit on sign off. You cannot claim your HTB grant without signed contracts. You need to clarify with the seller that they will accept what you are proposing, most will. If your developer isn't on the list of revenue developers or just a difficult company, you may need to get your own solicitor to push your case to proceed with the 5% cash and 5% HTB.

Sponsorgate · 17-09-2018 8:13pm

Hi All

I am currently doing a self build

I have a mortgage for 190,000 & the cost of the build is 245,410. I was gifted a site valued 25k so the purchase price was 270,410

I initially thought I may qualify for HTB with LTV 190,000/270,410 = 0.702

But for self builds its the value your lender puts on the property right? They have put a valuation of 325,000 on the property when its complete. I won't qualify then right?

Thanks
SponsorGate

Trimm Trabb · 17-09-2018 9:38pm

Was talking to an estate agent the other day and she indicated that she had heard that help to buy was going to be scrapped in the upcoming budget? Has anyone heard anything similar?

It says on revenue website that people who buy new houses from July 19th 2016 and December 31st 2019 are eligible - we are quite close to being ready to buy this year so if it really is going would make me get a serious move on.

z0oT · 18-09-2018 8:07am

z0oT wrote: »

Thanks for clarifying.

I'll need to run our situation by the Revenue I guess.

Just to follow up, I rang Revenue yesterday.

So, given that the developer is waiting to be included in the list of approved contracters on the Revenue website, we could claim the HTB amount either at or closer to closing. We're not dependent upon the HTB to get the 10% deposit together so that's not an issue.

It would involve paying the full 10% ourselves in the meantime, claiming the HTB later and reducing the mortgage with the bank closer to closing.

Trimm Trabb wrote: »

Was talking to an estate agent the other day and she indicated that she had heard that help to buy was going to be scrapped in the upcoming budget? Has anyone heard anything similar?

It says on revenue website that people who buy new houses from July 19th 2016 and December 31st 2019 are eligible - we are quite close to being ready to buy this year so if it really is going would make me get a serious move on.

I know there's been talk of getting rid of it for a while, because all it really has done is just push up the price of all new builds rather than making them more affordable. I don't think there's been anything official towards axing it yet though.

I've been wondering whether we'll get it or not for that very reason - we should be signing our contracts in the coming weeks.

autumnbelle · 18-09-2018 1:00pm

Sponsorgate wrote: »

Hi All

I am currently doing a self build

I have a mortgage for 190,000 & the cost of the build is 245,410. I was gifted a site valued 25k so the purchase price was 270,410

I initially thought I may qualify for HTB with LTV 190,000/270,410 = 0.702

But for self builds its the value your lender puts on the property right? They have put a valuation of 325,000 on the property when its complete. I won't qualify then right?

Thanks
SponsorGate

No I dont think you will, we are in the same boat

CramCycle · 18-09-2018 1:26pm

john_this wrote: »

Hi All,

I would really appreciate if anybody had some thoughts on the requirement that you "live in the property for a minimum of 5 years". I have thrown out some scenarios below where circumstances change after receiving the rebate, which may unfairly require you to repay up to €20k. Has anybody heard of case-by-case exceptions?

1) You lose your job and are required to sell/downgrade
2) Your salary is decreased and need to rent 2 rooms to afford to repay mortgage
3) You become divorced and need to sell or rent the property
4) Your employer requires you to work abroad in a different office for 2+ years (ultimatum) as there is no longer work in the Irish office, and you need to rent the property while abroad
5) Your neighbour becomes really disorderly and there has been so many conflicts that you need to sell/move
6) You fall in love with somebody who lives different part of the country and wants you to move in together (or the relationship ends)
7) You die - would the rebate still be paid back by your family

Thanks!

Rent the rooms but keep a room for yourself, so you are an owner/occupier?

Atomic Pineapple · 18-09-2018 1:37pm

CramCycle wrote: »

Rent the rooms but keep a room for yourself, so you are an owner/occupier?

I don't think you can do that under the terms and conditions of the HTB agreement either.

axlmac · 19-09-2018 11:38am

Have two quick questions for any HTB experts (!):

1) Does anyone have a contact number for the Help to Buy Revenue team (or whoever handles HTB queries in Revenue?). I got onto a generic Revenue help desk but the service agents wasn't much help (to be polite) and just pointed me at the website

2) Any returning emigrants out there? My wife & I moved back to Ireland in Dec 2017. I worked ~ 3 weeks in Dec 2017 & full time throughout 2018. I recently put a holding deposit on a HTB qualified house but have been told by Revenue that if I sign the contract before Jan 2019 I only qualify to apply for the tax I paid in TY 2017 i.e. my 3 weeks! I'm not normally a complainer but this seems a bit harsh considering we've already paid > 20k in tax year. Anyone with a similar experience? Anyone think it's worth challenging (either revenue or the builder solicitors to delay the contract) on?

Cheers!

conf101 · 19-09-2018 12:51pm

I'm not sure how successful you'd be challenging it. In order to claim for a particular year you need your P21 statement for that year, and you can't get that before the year ends. I can't see any way around that.

GingerLily · 19-09-2018 2:30pm

I agree, you won't be able to claim for this year until next year, they don't compromise on certain things, it's just the way it is.

loriexxx · 21-09-2018 8:23am

We have just been approved for help to buy. If the amount we are approved for is less the 5% of the property price ( it’s still under €20000) can we still get the help to buy and top it up along with our 5%

GingerLily · 21-09-2018 9:27am

loriexxx wrote: »

We have just been approved for help to buy. If the amount we are approved for is less the 5% of the property price ( it’s still under €20000) can we still get the help to buy and top it up along with our 5%

It just means your help to buy will be that value (or 5%), not everyone claims the full amount!

Not sure what you mean about topping it up? You'll need a deposit of 10% less your HTB amount.

Does your developer accept HTB as part of your deposit? Not all do

Glen_Quagmire · 21-09-2018 8:35pm

Folks, we are approved for the full 20k for the HTB. We have an application code and an access code. When we log into Revenue we can see our approved application and the next part of the process to "claim".

What do we do next? Do we proceed with the claim on Revenue or wait until contracts are signed first?

Creamy Goodness · 21-09-2018 8:55pm

Glen_Quagmire wrote: »

Folks, we are approved for the full 20k for the HTB. We have an application code and an access code. When we log into Revenue we can see our approved application and the next part of the process to "claim".

What do we do next? Do we proceed with the claim on Revenue or wait until contracts are signed first?

In the next step you need to upload your contract with the builder and your full loan offer letter.

Glen_Quagmire · 21-09-2018 9:17pm

Creamy Goodness wrote:

In the next step you need to upload your contract with the builder and your full loan offer letter.

Cheers for that

Glen_Quagmire · 30-09-2018 8:44am

After paying the initial booking deposit, the home buyer typically has about 21 days to sign the builders contracts and pay the remainder of the 10% deposit.

Question is, does the remainder of the 10% deposit (or whatever you're approved up to) get taken directly from the HTB by the builder and the home buyer pays the surplus?

For example, is this how it works on a house that is 400k;

- Buyer puts down 10k booking deposit to secure a property
- Builders solicitor sends contracts to buyers solicitor to sign and requests remainder of 10% deposit, in this case 30k
- Buyer signs loan offer contract and house contract and attaches these documents to Revenue to proceed with the claim
- Builder gets 20k directly from HTB through Revenue (if buyer is approved up yo 20k)
- Buyer pays 10k surplus to builders solicitor to make up the 30k

Creamy Goodness · 30-09-2018 9:52am

Depends on the builder. Some take the HTB as part of the 10% some don’t.

It should be stated in the contract, it was for mine.

I paid 7 booking deposit, 17.9 HTB and paid the balance of 10.9 when when signing the contract. I’ve another 10% waiting to pay off at closing which I’ve held onto.

They’ll require you to complete step two of the HTB on revenue to get the claim code and send them to the solicitor before they can claim the HTB rebate. You can only get these once you’ve uploaded your contract and your bank loan offer letter.

lilywhitearmy · 01-10-2018 10:14pm

In a joint claim, if one person is eligible but the other has been signed up years ago as the lpt payer for a parents property, is said claim screwed?

nim1bdeh38l2cw · 04-10-2018 3:19pm

lilywhitearmy wrote: »

In a joint claim, if one person is eligible but the other has been signed up years ago as the lpt payer for a parents property, is said claim screwed?

Both parties must be eligible.

I see the Indo has a piece today on Budget speculation - mentions a possible Help to Buy ISA like they have in the UK.

andydurnin · 09-10-2018 2:22pm

I am buying a new home in Drogheda Co. Louth. Can anyone tell me how I do the help to buy scheme and who gets the money? Dose the contractor get the money and then take it off the asking price or do I get it. Would be grateful for any advice.

Creamy Goodness · 09-10-2018 2:40pm

You need to log into revenue.ie as to who gets the money it depends, the contractor has to register with the scheme. It's a rebate that you claim (amount you claim is based off how much you've paid tax in the last 4 or so years, 5% of property price or €20k whichever is lower). Some contractors will allow it to be used as part of the 10% booking deposits at contract signing stage. some won't.

andydurnin · 09-10-2018 3:21pm

Creamy Goodness wrote: »

You need to log into revenue.ie as to who gets the money it depends, the contractor has to register with the scheme. It's a rebate that you claim (amount you claim is based off how much you've paid tax in the last 4 or so years, 5% of property price or €20k whichever is lower). Some contractors will allow it to be used as part of the 10% booking deposits at contract signing stage. some won't.

If the contactor gets the money from help to buy dose this come off the final price of the house ie €255,000 - 5% = €242,250

amcalester · 09-10-2018 3:24pm

andydurnin wrote: »

If the contactor gets the money from help to buy dose this come off the final price of the house ie €255,000 - 5% = €242,250

Yes.

You'll need to register, apply and supply paperwork first but it effectively reduces the purchase price by the amount you are approved for.

Stars struck · 09-10-2018 4:38pm

Panic stations here, I was under the impression that the help to buy scheme was to help you with the deposit to buy a house!!!!! I thought it would provide 5% (subject to aproval) of the deposit.....

So you still need to have the 10% deposit in cash ready to go and then they take the help to buy money off the house price!!???? How does this help first time buyers ðŸ˜”ðŸ˜”ðŸ˜”

Trimm Trabb · 09-10-2018 5:27pm

Any mention of these special savings accounts that were being mooted for first time buyers in the budget? Haven’t heard anything so far today?

allym · 09-10-2018 6:53pm

Stars struck wrote: »

Panic stations here, I was under the impression that the help to buy scheme was to help you with the deposit to buy a house!!!!! I thought it would provide 5% (subject to aproval) of the deposit.....

So you still need to have the 10% deposit in cash ready to go and then they take the help to buy money off the house price!!???? How does this help first time buyers ðŸ˜”ðŸ˜”ðŸ˜”

That is what it’s for, but in effect it is the same as taking 5% off the total price of the house.

Some builders aren’t taking it at deposit stage though and there doesn’t seem to be anything revenue can do to enforce it. In terms of applying for a mortgage the bank will consider HTB as part of your 10% savings.

Stars struck · 10-10-2018 6:48pm

allym wrote: »

That is what it’s for, but in effect it is the same as taking 5% off the total price of the house.

Some builders aren’t taking it at deposit stage though and there doesn’t seem to be anything revenue can do to enforce it. In terms of applying for a mortgage the bank will consider HTB as part of your 10% savings.

I get what your saying but no it's not helping first time buyers to buy houses if it's given to you like that.

Most first time buyers need help raising the deposit which is the difficult part especially if your in a position like me and my other half paying 1800 euro a month in rent.... We can get a mortgage for the price of the house but saving the deposit takes a long time if your not getting handed a lump sum from bank of mam and dad.

Taking it off the house price isint helping first time buyers ... That is just driving up house prices.
Revenue should have put something in place to allow first time buyers to use this at deposit stage when it's most needed

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

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