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

Atomic Pineapple · 10-10-2018 7:29pm

You can check the list of contractors on the revenue website. If they are already on there, it is likely they will accept it at deposit.

GingerLily · 10-10-2018 8:11pm

Atomic Pineapple wrote: »

You can check the list of contractors on the revenue website. If they are already on there, it is likely they will accept it at deposit.

No, they will accept it as payment but may not at contract signing stage

Ronnie2010 · 11-10-2018 7:12pm

Hi all,
Myself and my partner are applying for our mortgage in early January with the hope to buy a new build in February.
Should we apply for the HTB now to have it in place for our mortgage application?

Creamy Goodness · 12-10-2018 9:08am

Ronnie2010 wrote: »

Hi all,
Myself and my partner are applying for our mortgage in early January with the hope to buy a new build in February.
Should we apply for the HTB now to have it in place for our mortgage application?

If you apply now, it'll expire by the end of the year, and will have to reapply in January.

There no limit to how many times you can apply, but you can only claim once.

Pivot Eoin · 13-10-2018 8:38am

Hi all,

Thanks in advance for any help on this.

I'm looking to apply for HTB in Jan 2019, but I've been living abroad for much of the last four years so I haven't paid a shedload of Income tax.

I reckon in total for 2017-2018 I will have paid about 14,600e PAYE. House I'm buying is in 400k region, so 5% would be 20k in other words the max allowable for the scheme.

Does anyone know what percentage of your tax paid they will max give back? I.E would I qualify for 14,600 HTB Grant if approved? I'm assuming not.

Thanks

hanaimai · 13-10-2018 12:58pm

Pivot Eoin wrote: »

Hi all,

Thanks in advance for any help on this.

I'm looking to apply for HTB in Jan 2019, but I've been living abroad for much of the last four years so I haven't paid a shedload of Income tax.

I reckon in total for 2017-2018 I will have paid about 14,600e PAYE. House I'm buying is in 400k region, so 5% would be 20k in other words the max allowable for the scheme.

Does anyone know what percentage of your tax paid they will max give back? I.E would I qualify for 14,600 HTB Grant if approved? I'm assuming not.

Thanks

Yes. Whatever you've paid in the last 4 years is what you qualify for, up to a max of 20k or 5% of the house price.

Jellapino15 · 14-10-2018 1:59pm

I applied for the HTB and max relief was much lower than I expected, when I calculate my tax using my p21s it's coming in around 9k, they are only granting me just under 6.5k. Can anyone explain this to me please, as revenue have yet to get back to my enquiry online a month ago.

Also I'll be signing contracts before Christmas but I'm thinking of just paying 10% deposit myself and then reapplying for HTB in 2019 as I reckon my tax relief will be higher as I worked full time this year but hand't in 2014 and 2015 so I think that's why max relief so low. Is it possible to do that? I wouldn't have my p60 till March as my employer slow every year at getting it out. But won't be drawing down mortgage till house is built in August so I think I would have time.

Can you still get the HTB if you claim it before Dec 2019 even if it's discontinued? This year's budget was unclear whether it's still in place.

Creamy Goodness · 14-10-2018 7:03pm

Ring revenue. Anytime I’ve been on to them they’ve been very helpful.

The_Conductor · 14-10-2018 7:19pm

Jellapino15 wrote: »

I applied for the HTB and max relief was much lower than I expected, when I calculate my tax using my p21s it's coming in around 9k, they are only granting me just under 6.5k. Can anyone explain this to me please, as revenue have yet to get back to my enquiry online a month ago.

They calculate it based purely on income tax paid- not PRSI, USC or any other deductions. Aka- you need to check how much income tax you've paid......... Ring Revenue- they can explain.

myshirt · 14-10-2018 9:04pm

The_Conductor wrote: »

They calculate it based purely on income tax paid- not PRSI, USC or any other deductions. Aka- you need to check how much income tax you've paid......... Ring Revenue- they can explain.

+1

Get on the blower.

kokiyou · 15-10-2018 3:08pm

Hi folks,

Looking to buy a house using HTB scheme. Issue is they are selling out fast. I was thinking of looking at properties in the next 1-2 weeks and putting a deposit down. However my HTB is not setup yet, although I know I will qualify is there any risk in putting a deposit down too early and being unable to get the HTB setup in time? Or can I back claim this HTB payout anytime? I'd rather not lose my deposit even if its just a small chance and waste a lot of my time - due to HTB being too slow to process etc.

Is this a valid concern or should I just put a deposit down if I find something this week and get the HTB process done asap after? I already have my forms in except one form 11 that is 90% done.

Also if anyone has tips for viewing houses and the HTB process, and buying a new house / general that would be great, I don't see any guides on this thread or this forum - it is all a bit scattered around. Probably this was asked already but the search is not too good here - or my skills are poor.

Thank you,

GingerLily · 15-10-2018 4:02pm

The initial booking deposit should be 100% refundable. We applied for HTB after the booking deposit, it took about 2 weeks including getting tax clearance.

We had it all sorted by signing contracts stage where we paid the '10% deposit', which is not refundable.

If the booking deposit is refundable I suggest putting your money down

kokiyou · 15-10-2018 4:05pm

Hi GingerLily,

That is great to know, thank you I will ask the agency to confirm but if so, I will definitely get the initial deposit put in place.

Thank you,

konkon · 17-10-2018 7:55pm

Hi people
I applied for HTB and the application was approved. I have the application code but I haven’t received anything in relation to my access code. Does that take days to appear in your inbox? Check MyInquiries and Documents but no new correspondence is there.

I had to get form12 done for 2014/2015 and p21 for 2015 requested plus get the tax cert clearance. Then after reapplying, it got approved but without an access code in my inbox...

When I called them, they said that it takes a few days...

What was your experience?

konkon · 17-10-2018 8:14pm

konkon wrote: »

Hi people
I applied for HTB and the application was approved. I have the application code but I haven’t received anything in relation to my access code. Does that take days to appear in your inbox? Check MyInquiries and Documents but no new correspondence is there.

I had to get form12 done for 2014/2015 and p21 for 2015 requested plus get the tax cert clearance. Then after reapplying, it got approved but without an access code in my inbox...

When I called them, they said that it takes a few days...

What was your experience?

Turns out it was in ROS instead of PAYE my account

Xenoronin · 18-10-2018 12:41pm

Hi all,

Successfully applied for the HTB, however this happened after the loan offer signing. I'm nearing drawdown time and the contractor has said that the money will be taken from the purchase price of the house at closing. The mortgage hasn't taken this into account, so do I need to talk to my bank or will we get the surplus funds from our solicitor after drawdown?

Edit: I should note, 10% deposit has been paid.

GingerLily · 18-10-2018 1:54pm

Xenoronin wrote: »

Hi all,

Successfully applied for the HTB, however this happened after the loan offer signing. I'm nearing drawdown time and the contractor has said that the money will be taken from the purchase price of the house at closing. The mortgage hasn't taken this into account, so do I need to talk to my bank or will we get the surplus funds from our solicitor after drawdown?

Edit: I should note, 10% deposit has been paid.

Your solicitor I don't think is allowed to give you the money from the bank, you'll have to amend your mortgage offer I suspect.

chakwal · 19-10-2018 11:21pm

Hi, Can some one tell me for following query.

For help to buy scheme it states to upload sales signed contract and mortgage contract with their lenders.

Mortgage contract with lenders: I have got offer pack from bank. Can I just upload this offer letter with details I have received or I need my solicitor to complete and sign the acceptance document etc. and then I can upload the signed acceptance document.

Looking forward for your feedback.

awec · 19-10-2018 11:56pm

chakwal wrote: »

Hi, Can some one tell me for following query.

For help to buy scheme it states to upload sales signed contract and mortgage contract with their lenders.

Mortgage contract with lenders: I have got offer pack from bank. Can I just upload this offer letter with details I have received or I need my solicitor to complete and sign the acceptance document etc. and then I can upload the signed acceptance document.

Looking forward for your feedback.

You need to sign it with your solicitor first.

Darraghm1886 · 25-10-2018 1:06pm

Hey folks just looking for some advice on the help to buy claim. When uploading the documents to revenue.ie is there a specific part of the offer letter from the bank they require or is it the whole lot?

Atomic Pineapple · 26-10-2018 9:43am

Darraghm1886 wrote: »

Hey folks just looking for some advice on the help to buy claim. When uploading the documents to revenue.ie is there a specific part of the offer letter from the bank they require or is it the whole lot?

Also wondering the same. And for the contracts with the builders does the contract need to be signed by both us and the contactors or just us?

mooman · 26-10-2018 7:48pm

Darraghm1886 wrote: »

Hey folks just looking for some advice on the help to buy claim. When uploading the documents to revenue.ie is there a specific part of the offer letter from the bank they require or is it the whole lot?

I only uploaded the front page of ours and it went through ok. It was also out of date, so I'd say they're lax enough with them as long as your name and the purchase price match up!

Darraghm1886 · 26-10-2018 7:50pm

Cheers mate that'll do so!

Shelllark86 · 04-11-2018 2:13pm

Hi guys,

Applying for help to buy and a few things have come up, one being that I need a tax clearance cert as I have imported a car?? Car was imported 2 years ago and registered as soon as I got it.... Anyone any idea about this? Am going to call them Monday to seek clarification but just wondered if anyone else came across this

icanmunch · 08-11-2018 3:17pm

Hey Guys,

I have signed contracts, submitted my claim etc and just received a "claim reference number"
Is it this number that I provide to solicitor? Also should that be provided straight away or does revenue need to review my claim first or anything?

Thanks!

Daniogroove · 08-11-2018 5:20pm

icanmunch wrote: »

Hey Guys,

I have signed contracts, submitted my claim etc and just received a "claim reference number"
Is it this number that I provide to solicitor? Also should that be provided straight away or does revenue need to review my claim first or anything?

Thanks!

Have you been given your maximum claim amount by revenue also?

icanmunch · 08-11-2018 6:46pm

Daniogroove wrote: »

Have you been given your maximum claim amount by revenue also?

Yep during the claim process it came up with the max amount and I then had to confirm all details were correct and then once I submitted it the claim code popped up

Ronnie2010 · 08-11-2018 8:14pm

Hi all, just wondering if you get approved for HTB now but don't claim until next year is it straight forward to get reapproved?

Daniogroove · 08-11-2018 8:29pm

icanmunch wrote: »

Yep during the claim process it came up with the max amount and I then had to confirm all details were correct and then once I submitted it the claim code popped up

Just checked mine from file. You need the access code, claim reference number and amount claiming. That should be all solicitor needs

Daniogroove · 08-11-2018 8:35pm

Ronnie2010 wrote: »

Hi all, just wondering if you get approved for HTB now but don't claim until next year is it straight forward to get reapproved?

You have to reapply again. It's based on the previous 4 years of tax paid. If you reapply next year you'll just have to submit your form 12 for 2018 and then apply again using 2015,16,17 and 2018

lilywhitearmy · 09-11-2018 10:47am

Hi all just a quick question myself and my partner both applied through our myaccount pages. Mine says awaiting her membership confirmation while hers says I am a confirmed member (can't remember confirming!) and the application is under review.

Should I just cancel the one that I applied for?

inthedrops · 09-11-2018 11:40am

I can someone advise if you can avail of the HTB scheme after you have paid the full deposit?

Thanks in advance

Xenoronin · 12-11-2018 11:39am

inthedrops wrote: »

I can someone advise if you can avail of the HTB scheme after you have paid the full deposit?

Thanks in advance

Yes, I was in the same position. The money will be sent directly to the contractor, and the balance will be sorted out at the end.

Belt · 13-11-2018 1:15pm

I'm looking at buying a new house. Not built by a developer but by a private individual.

Is there any hope of applying for HTB scheme for this property? This individual is not registered for the HTB and I don't think they have any interest in doing so, they don't have a clue of the scheme

Qwerty1006 · 24-11-2018 1:32pm

Hi all,

Small question on HTB - I applied early in the year for HTB, application successful and was shown the maximum relief I could claim with an expiry of 31 December 2018. My question - does any claim within a year expire at the end of that year? If I cancelled previous application and re-applied today would it still come back with an expiry date of 31 December 2018?

I won't be at the stage of processing the claim until Jan/Feb '19 approx. Will I have to re-apply in February when I get 2018 P60 and do P21 for 2018 in order to proceed with application or if I reapply right now, would I get a new expiry of 31 December 2019?

Thank you!

hanaimai · 24-11-2018 3:12pm

Any application is only valid for that calendar year. So yes, if you reapply today it will still expire on 31 Dec 2018.

bizebee · 04-12-2018 9:29am

Hi All,

Staring into the claim stage for our self-build:

Since our first drawdown was made to our solicitor in recent weeks I am starting into the claim stage for H2B. I know I'm to upload the the valuation report and the signed document accepting the mortgage.
But my question is: What did people use for proof of the drawdown of the first part of the mortgage? Is there something I should be getting from the Bank or the Solicitor?

Any help/advice would be very much appreciated!

autumnbelle · 04-12-2018 2:38pm

bizebee wrote: »

Hi All,

Staring into the claim stage for our self-build:

Since our first drawdown was made to our solicitor in recent weeks I am starting into the claim stage for H2B. I know I'm to upload the the valuation report and the signed document accepting the mortgage.
But my question is: What did people use for proof of the drawdown of the first part of the mortgage? Is there something I should be getting from the Bank or the Solicitor?

Any help/advice would be very much appreciated!

I think the solicitor have to do the application for self build do they?

Atomic Pineapple · 18-12-2018 2:41pm

We submitted our claim about two weeks ago and then sent all the codes we needed onto the contractor's solicitors. There's been nothing on the Revenue website since then, it just still says we have a pending claim. Do you get a notification from the revenue when the claim is fully processed? Or is it when it is claimed by the contractors that it closes? Or do you not get a notification at all?

beansys · 20-12-2018 11:02am

Hi All,

Looking for info if someone did their application early in January...
We will reapply in January as our process to buy stalled and got moved to next year so just wondering will we have an option enabled to select 2018 tax straight away or will it take Revenue couple of weeks to get it to available on their webpage?

Was anyone else in similar situation?

awec · 20-12-2018 11:04am

beansys wrote: »

Hi All,

Looking for info if someone did their application early in January...
We will reapply in January as our process to buy stalled and got moved to next year so just wondering will we have an option enabled to select 2018 tax straight away or will it take Revenue couple of weeks to get it to available on their webpage?

Was anyone else in similar situation?

You’ll need to have received your 2018 p60 before you can use 2018.

Qwerty1006 · 20-12-2018 10:33pm

I made an application previously which is due to expire 31.12.2018 but purchase of my new build won't close until February approx.

I understand if I make an application of 01.01.2019 the 4 tax years I can claim from would be 2015-2018. Obviously my P60 for 2018 wouldn't be available until mid-February. I have enough tax paid though in 2015-2017 to get my maximum 5% claim so can I just submit claim on 01.01.2019 and choose those 3 tax years? Or do I have to have clearance for 2018 also even though I am not using that year as a claim year?

simons104 · 21-12-2018 12:37am

Qwerty1006 wrote: »

I made an application previously which is due to expire 31.12.2018 but purchase of my new build won't close until February approx.

I understand if I make an application of 01.01.2019 the 4 tax years I can claim from would be 2015-2018. Obviously my P60 for 2018 wouldn't be available until mid-February. I have enough tax paid though in 2015-2017 to get my maximum 5% claim so can I just submit claim on 01.01.2019 and choose those 3 tax years? Or do I have to have clearance for 2018 also even though I am not using that year as a claim year?

Our place isn't ready until March but the Help to Buy has already been claimed and processed. Why don't u ask the builder to claim it now?

Qwerty1006 · 21-12-2018 8:43am

simons104 wrote: »

Our place isn't ready until March but the Help to Buy has already been claimed and processed. Why don't u ask the builder to claim it now?

I did - the vendor was made aware but delays on their side getting contract signed has meant it's unlikely to be claimed now pre Christmas. I can probably completed my Form 12 based on my Dec payslip and request P21 statement on 1 Jan, but I just want to know if it's possible to make application on 1 Jan and include only 3 of the last 4 years, not all of the last 4 years i.e. exclude 2018.

simons104 · 21-12-2018 10:06am

Qwerty1006 wrote: »

I did - the vendor was made aware but delays on their side getting contract signed has meant it's unlikely to be claimed now pre Christmas. I can probably completed my Form 12 based on my Dec payslip and request P21 statement on 1 Jan, but I just want to know if it's possible to make application on 1 Jan and include only 3 of the last 4 years, not all of the last 4 years i.e. exclude 2018.

Yes you can choose which years u want included when creating the application

masterboy123 · 29-12-2018 10:45am

I have HTB scheme approved on my revenue account and it's valid until March 2019 to a max of 20,000e.

I read to qualify for this scheme one can pay 30% or less of the total property cost in the beginning. I wonder if this 30% in inclusive of 5% from HTB scheme? Hence, we pay a max of 25%?

Mortgage Rules
In order to qualify, applicants must take out a mortgage of at least 70% of the purchase price, or in the case of a self -build, at least 70% of the valuation approved by the mortgage provider.

GingerLily · 29-12-2018 10:53am

The rules state you mortgage has to be at least 70%, not that you pay 30%.

If you have a deposit of 25% and qualify for the full 5% HTB then yes you'll be splitting it out 70:25:5 (mortgage, deposit, HTB).

nim1bdeh38l2cw · 29-12-2018 10:54am

How's your HTB approved until March? It's supposed to be the calendar year only

GingerLily · 29-12-2018 11:08am

Cassidy Thankful Stagecoach wrote: »

How's your HTB approved until March? It's supposed to be the calendar year only

I drewdown Jan 2018 using my 2017 application. Maybe it's only for applicants who have already signed contracts etc.

masterboy123 · 29-12-2018 11:35am

I applied for it 2 weeks ago only.

Cassidy Thankful Stagecoach wrote: »

How's your HTB approved until March? It's supposed to be the calendar year only

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

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