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03-05-2018, 09:05   #46
Evd-Burner
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Quote:
Originally Posted by jim salter View Post
The sooner the Irish people admit that the gov't couldn't give a flying fu¢k about helping the Irish people the sooner we have real change.

These 'schemes' are made intentionally ambiguous and difficult to obtain. The propaganda machines can say 'we're doing all we can - look at the rebuilding Ireland scheme...'

Truth is the gov't are only interested in developers and their own interests.
When I heard this scheme and looked into it I knew instantly that this was exactly what the scheme was about!
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03-05-2018, 09:10   #47
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Originally Posted by Evd-Burner
When I heard this scheme and looked into it I knew instantly that this was exactly what the scheme was about!

Sadly our political institutions are lost, simply unable to react and respond to this critical problem, change will not occur in the short and possibly medium term
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04-05-2018, 14:52   #48
Suzistar
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[QUOTE=nicos;106890951]
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Originally Posted by SNNUS View Post
Did you send the application in 3 month ago? Did you arrange to meet someone in the council when you handed in the application? It took me 10 weeks to hear my outcome..

It seems like they are doing it arseways

Yeh we send it in all in order nearly 3 months ago. They only called us in to meet us 2 and half weeks ago though so I'm wondering are they only starting the process from when they meet you or from when you sebdbin application. I have a feeling our application was sitting in their desk for months and not even looked at!!!
Do you mind me asking what did they ask ye/talk about when you went in to meet them??
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04-05-2018, 17:37   #49
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They just check documentation to make sure it’s compleyed correctly. They asked them to highlight things such as savings, rent to parents etc. on their statements. They are administrators and they send your application to underwriters to check your ability to pay. They asked less questions than the bank and building society.
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08-05-2018, 11:14   #50
stryker mcqueen
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Met with the council this morning , went well , application being sent off to underwriters so fingers crossed , wrecked after getting all the documents in order lol.....

Word of advice for anyone applying, do so in person , they had a couple of questions regarding some documents but we were able to get everything answered there and then

Last edited by stryker mcqueen; 08-05-2018 at 13:03.
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08-05-2018, 14:35   #51
stryker mcqueen
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Originally Posted by dynasoar View Post
Got approved by 2 different Co.Co. for the full amount possible, our combined income is below the limit and we have a bit over 40k in savings. Took 6 weeks to get an answer from both (didn't apply at the same time).

If I may offer our experience:
- You can apply to multiple Co.Co. but each will be a separate full application (you may be able to convince the first council you apply to, to photocopy your stuff so you can keep the originals and use them again )
- As SNNUS said above, you don't need a property picked out, just mark it as TBA.
- We are both permanent full time employees.
- You must have evidence of regular savings, we have a savings account with a standing order on the current account to transfer x amount of money every month to it.
- If you get approved for the full amount, your monthly payment will be €1354, which includes the mandatory mortgage insurance that we have to buy from the council too - they like to see that you are able to pay this and have enough left to live on (we got it covered by rent+regular savings).
- They want to see if you have the money for the house deposit (max value of the house you can buy under this scheme is 320k so you should have 32k right there), and the additional costs like stamp duty, legal fees etc.
- Take the checklist on the form very seriously because both councils representatives went through it with us, piece by piece.
- This bit "Tenants in private rented accommodation must have a clear rent account for 6 months prior to applying, and be able to show a rent book or proof of payment" - we pay rent by standing order and it was sufficient to highlight the rent payments on the bank statement for this proof of payment.

HTH
Any eyebrows raised when applying to the second council and was the application process the same the second time?

Thanks
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08-05-2018, 15:06   #52
SNNUS
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Quote:
Originally Posted by stryker mcqueen View Post
Met with the council this morning , went well , application being sent off to underwriters so fingers crossed , wrecked after getting all the documents in order lol.....

Word of advice for anyone applying, do so in person , they had a couple of questions regarding some documents but we were able to get everything answered there and then
Best of luck!
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09-05-2018, 10:32   #53
tomhouse
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rebuild ireland homeloan

Hi
I inherited a property a small cottage that we renovated , but now the family has grown we need to add on or rebuild a house on the land , but can not get a normal mortgage , have questioned the council over this and they have taken it further to have the situation clarified as they say we are not first time buyers , but we are as we have never bought a property and the forms can be signed by revenue to state this and we can apply for the help to buy scheme through revenue as they see us as a first time buyer to rebuild a new house on the land

Has anyone been through this , and has it been allowed ?
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09-05-2018, 12:04   #54
voodosheeb
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Originally Posted by tomhouse View Post
Hi
I inherited a property a small cottage that we renovated , but now the family has grown we need to add on or rebuild a house on the land , but can not get a normal mortgage , have questioned the council over this and they have taken it further to have the situation clarified as they say we are not first time buyers , but we are as we have never bought a property and the forms can be signed by revenue to state this and we can apply for the help to buy scheme through revenue as they see us as a first time buyer to rebuild a new house on the land

Has anyone been through this , and has it been allowed ?
this is from the site under, Am I eligible?
"not be a current or previous owner of residential property in or outside the Republic of Ireland"
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09-05-2018, 12:16   #55
tomhouse
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Originally Posted by voodosheeb View Post
this is from the site under, Am I eligible?
"not be a current or previous owner of residential property in or outside the Republic of Ireland"
Hi

Yes same as revenue , but when you dig deeper revenue has a exemption as you did not borrow money/interest for the property .
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09-05-2018, 13:24   #56
Lolle06
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Originally Posted by tomhouse View Post
Hi

Yes same as revenue , but when you dig deeper revenue has a exemption as you did not borrow money/interest for the property .
But this is irrelevant for the Government loan.

Revenue would only be concerned if there was already a tax benefit for the applicant in the past - however, the RI loan serves the purpose that people who do NOT own a home yet, will be able to purchase, or build one.

You own your home already.
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09-05-2018, 13:31   #57
tomhouse
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the application also asks you to complete a HPL 1 from revenue confirming that you have no borrowed money to purchase a house/land , which we can

so really im asking has anyone else applied on the same basis ?
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09-05-2018, 13:34   #58
voodosheeb
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Originally Posted by tomhouse View Post
the application also asks you to complete a HPL 1 from revenue confirming that you have no borrowed money to purchase a house/land , which we can

so really im asking has anyone else applied on the same basis ?
you might get more answers from this thread BTW : https://www.boards.ie/vbulletin/show...p?t=2057832850
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12-05-2018, 10:40   #59
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Just want to share my expierence with this scheme.
There seems to have been very little training provided in the County Councils. Everybody you speak to has a different answer.
I applied according to the criteria set out in the requirements list.
My first attempt to sumbit:
1)My rejection letters from the bank were not " rejectful" enough. They wanted more than just how much we had been declined on, they wanted to see how much we would be eligable for.
2) Despite the checklist stating p60 OR p21 I was turned away from not having my P21.
Both easily rectified
Returned a week later
Documents accepted.
5 weeks later.
Letter stating we were not eligable for the ammount we applied for 265,000 which I got from the calculator on their website!
Infact based on their calculations we could apply for 216,000.
They asked for a Gift Letter (we were recieving gift of deposit off both of our parents to get us out of the misery that is renting)
They asked for a letter from our landlord stating our monthly rent . Despite our rent being clear in bank statements.
Provided both of these documents.
Resubmitted.
6 weeks later we recieve a rejection letter based on the following:
1)Our earnings were outside of the loan criteria (we earn a combined 47k so well within the 75k limit)
2)We have to be seen to show unbroken savings of 3% of the property price. (A criteria that is not stated anywhere!! Nor mentioned at any previous stage of communication

our rent is nearly 3/4 of our combined wage a month and we have never missed a payment. This scheme was aimed at people just like us.
Paying an incredible ammount rent due to the shambolic private rental system so unable to save a considerable ammount a month for a mortgage.
If i met the criteria they rejected me on I would have been able to get a regular mortgage.

I was so excited when this scheme was announced. Finally an intellegent solution to the housing crisis that helps those in the middle! but alas just another pile of propaganda.
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12-05-2018, 12:32   #60
Evd-Burner
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Quote:
Originally Posted by Carlyd View Post
Just want to share my expierence with this scheme.
There seems to have been very little training provided in the County Councils. Everybody you speak to has a different answer.
I applied according to the criteria set out in the requirements list.
My first attempt to sumbit:
1)My rejection letters from the bank were not " rejectful" enough. They wanted more than just how much we had been declined on, they wanted to see how much we would be eligable for.
2) Despite the checklist stating p60 OR p21 I was turned away from not having my P21.
Both easily rectified
Returned a week later
Documents accepted.
5 weeks later.
Letter stating we were not eligable for the ammount we applied for 265,000 which I got from the calculator on their website!
Infact based on their calculations we could apply for 216,000.
They asked for a Gift Letter (we were recieving gift of deposit off both of our parents to get us out of the misery that is renting)
They asked for a letter from our landlord stating our monthly rent . Despite our rent being clear in bank statements.
Provided both of these documents.
Resubmitted.
6 weeks later we recieve a rejection letter based on the following:
1)Our earnings were outside of the loan criteria (we earn a combined 47k so well within the 75k limit)
2)We have to be seen to show unbroken savings of 3% of the property price. (A criteria that is not stated anywhere!! Nor mentioned at any previous stage of communication

our rent is nearly 3/4 of our combined wage a month and we have never missed a payment. This scheme was aimed at people just like us.
Paying an incredible ammount rent due to the shambolic private rental system so unable to save a considerable ammount a month for a mortgage.
If i met the criteria they rejected me on I would have been able to get a regular mortgage.

I was so excited when this scheme was announced. Finally an intellegent solution to the housing crisis that helps those in the middle! but alas just another pile of propaganda.
This is just an absolute joke. Can you appeal the decision?
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