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

Blingy · 25-01-2017 9:32am

Anyone have the issue where your developer is not on the approved list? What did you do? Thanks.

ifaour · 25-01-2017 10:08am

ShogunWarrior wrote: »

You'll get the money directly if either:
You're buying from a developer and you signed contracts before end of Dec 31st

You're self-building and you drew down the first tranche of the mortgage before end of Dec 31st

We did sign the contracts before Dec 31st, but we sent them to the developer to sign them and I believe they signed them after that date. Do you think we qualify?

youcancallmeal · 25-01-2017 12:34pm

Blingy wrote: »

Anyone have the issue where your developer is not on the approved list? What did you do? Thanks.

You need to get them to read this and fill out the HTB1 form. We are trying to get the developer for our build to do this at the moment. Seems like they haven't really done any research on it and don't really understand it. Hopefully they pull the finger out and get it done soon, it really shouldn't make any difference to them because they are still getting the money anyway.

lunamia · 25-01-2017 2:06pm

morrga wrote: »

speranza2 wrote: »

Are you sure the first application was 000000001?

I think so, yeah,
as my first application I did the 6th Jan was 3000ish
and the one on the 20th Jan was 140000ish

After I called the Revenue they told they would have rejected my first application, because I didn't apply as a group (even if the rebate is 100% on me).

davidsr20 · 25-01-2017 8:11pm

My current status is member succesfully added. After been on the phone all day to revenue. But it still says under that awaiting membership of my wife which we did.
The girl said I should get 2 codes by message and Iv to just send them to her when I do.
Has anyone got these codes and how long did it take to get them etc?
This only updated at 5.30 this eve for me.

When my wife logs into hers she's still getting app under review which I'm past now.

jfh · 25-01-2017 8:38pm

youcancallmeal wrote: »

You need to get them to read this and fill out the HTB1 form. We are trying to get the developer for our build to do this at the moment. Seems like they haven't really done any research on it and don't really understand it. Hopefully they pull the finger out and get it done soon, it really shouldn't make any difference to them because they are still getting the money anyway.

i'm having the same issue from a small building company, is it only for devlopers? i'm thinking it can't be, surely all builders qualify?
any feedback appreciated

andreip · 25-01-2017 9:03pm

davidsr20 wrote: »

But it still says under that awaiting membership of my wife which we did.

Same on my side after my wife received temp password, my wife joined as group for same application number, but on both sides application is under review and our names with "Awaiting membership confirmation".

Is any particular button to confirm as part of group membership, or is sufficient
we followed the steps and actually Revenue staff needs to check our application and change the status to next step?

bittihuduga · 25-01-2017 9:40pm

mine says - application successful.
does this mean stage1 complete?
should i start uploading docs now?

davidsr20 · 25-01-2017 10:33pm

bittihuduga wrote: »

mine says - application successful.
does this mean stage1 complete?
should i start uploading docs now?

How long is it like that?did u get an code

bittihuduga · 26-01-2017 1:07am

davidsr20 wrote: »

How long is it like that?did u get an code

yes got the application and access code immediately after both of us submitted out details.

davidsr20 · 26-01-2017 1:52am

bittihuduga wrote: »

yes got the application and access code immediately after both of us submitted out details.

Mines completed but my wife's is still Saying under review but i for no access code yet. This is getting very frustrating I'm 3 weeks at it now.

Aph2016 · 26-01-2017 8:39am

If anyone is still under review, check you don't owe any tax on your balancing statements. Revenue don't respond to my enquiries so had to ring up and find that out. Once the tax owed has been paid they will proceed.

youcancallmeal · 26-01-2017 9:54am

jfh wrote: »

i'm having the same issue from a small building company, is it only for devlopers? i'm thinking it can't be, surely all builders qualify?
any feedback appreciated

My understanding it is for anyone who is building a house so a builder building a single one off house or a development company building a big estate and anything in between. As long as their tax affairs are in order then I don't see any reason why they wouldn't want to register with revenue so their prospective clients can avail of the relief.

fret_wimp2 · 26-01-2017 11:34am

Just filling out my Form 12.

In the section 5. Tax Credits and reliefs, it has listed a few items already:
- personal tax credit
- health insurance
- paye tax credit

Do i just check the boxes and click next, or do i need to verify this information somewhere?

pilly · 26-01-2017 11:36am

fret_wimp2 wrote: »

Just filling out my Form 12.

In the section 5. Tax Credits and reliefs, it has listed a few items already:
- personal tax credit
- health insurance
- paye tax credit

Do i just check the boxes and click next, or do i need to verify this information somewhere?

No, just check and carry on, they're automatically calculated.

fret_wimp2 · 26-01-2017 11:42am

thanks.

Civil status is also confusing.
Got married in 2014 so changed it to married on the 2014 form.

the 2015 form asks "did my civil status change in 2015" .
It didnt, as it changed the previous year.

Do i still tick yes so that i can change it from single to married?

lunamia · 26-01-2017 12:15pm

fret_wimp2 wrote: »

thanks.

Civil status is also confusing.
Got married in 2014 so changed it to married on the 2014 form.

the 2015 form asks "did my civil status change in 2015" .
It didnt, as it changed the previous year.

Do i still tick yes so that i can change it from single to married?

No, you don't need to tick it for 2015.
Only if you get divorced in 2015 (not wishing you).

fret_wimp2 · 26-01-2017 12:58pm

lunamia wrote: »

No, you don't need to tick it for 2015.
Only if you get divorced in 2015 (not wishing you).

But on the 2015 form it shows my stauts as Single, which is incorrect, even though i set it to married on 2014 form as thats the year my status changed.

CramCycle · 26-01-2017 1:02pm

fret_wimp2 wrote: »

But on the 2015 form it shows my stauts as Single, which is incorrect, even though i set it to married on 2014 form as thats the year my status changed.

if your updating them all at once, it won't have cleared that you were married. I put my kids in one year but when they reprocessed it, they added the previous years total and the one that wasn't there before to give me a few extra sprogs.

I am not sure which is the right thing for you as I was doing my P21 etc. every year so it was always upto date except for the kids one, but I suspect that was partially my fault for putting the kids on both of our accounts at separate times.

I would edit it, IIRC, it will ask you for a date but I could be wrong (my 2012 one was incorrect so had to put it in for the form 12 for that year).

lunamia · 26-01-2017 1:11pm

fret_wimp2 wrote: »

But on the 2015 form it shows my stauts as Single, which is incorrect, even though i set it to married on 2014 form as thats the year my status changed.

You have to specify the change in the 2014 form,
because the taxes paid may change depending on your wife situation at that stage.

If you had no changes of your marital status in 2015, then in that form you don't need to do nothing.

But amend the 2014 one

Collyb101 · 26-01-2017 1:42pm

I have a question, help if you can please?:
Q: When adding your tax (for your refund) from the P21 forms, which section/totals do you add? I know this should be simple but the more I look at them the more complicated they are getting.

davidsr20 · 26-01-2017 2:40pm

Just got us both sorted. We're both cleared now and access code got. The code is sent back to revenue if ur a retro buyer along with ur paperwork. Just waiting to hear about the claim now next. We're getting there I hope now.

CramCycle · 26-01-2017 2:44pm

Collyb101 wrote: »

I have a question, help if you can please?:
Q: When adding your tax (for your refund) from the P21 forms, which section/totals do you add? I know this should be simple but the more I look at them the more complicated they are getting.

All given here: http://www.revenue.ie/en/personal/faqs/eform12-faqs.html#section7

lunamia · 26-01-2017 3:18pm

How long should be the process for retrospective buyers after attaching the required documents?

Cheers

Collyb101 · 26-01-2017 4:10pm

Thanks for the reply.
This is to be provided with a P21 form which I have.
I have not proceeded to the application yet.
When i total up what I can get back as refund do I include USC paid each year? PRSI? or just PAYE?

Any help would be greatly appreciated.

Collyb

CramCycle · 26-01-2017 4:27pm

lunamia wrote: »

How long should be the process for retrospective buyers after attaching the required documents?

Cheers

A week after I attached the required documents to myenquiries, I rang up. They said it was all in order but then that it would take an unknown amount of time for some other crowd to stamp it. That evening they stamped it. Give it a few days and then ring up is my advice.

Collyb101 wrote: »

Thanks for the reply.
This is to be provided with a P21 form which I have.
I have not proceeded to the application yet.
When i total up what I can get back as refund do I include USC paid each year? PRSI? or just PAYE?

Any help would be greatly appreciated.

Collyb

You should not be working out what you are due for a refund. You just submit the totals from your P60 and let them do the rest (after confirming any credits etc.). They will then issue a P21 with a refund amount or a repayment due amount. If the former, you do nothing, you'll get extra cash in your account in awhile, if the latter, rung them up straight away to arrange payment so you can proceed with the application for HTB.

Nicolleok8 · 27-01-2017 1:35pm

I have read through some of the posts and just looking for some help!
I reserved a house in November 2016. Contracts are due to be signed this week on the contract it states 10% deposit but I have read people changing the contract to 5% as revenue will be paying the rebate directly to the builder.

Solicitor has advised us that we pay 10% and apply for the money back ourselves.

House will not be ready until June.

Can I apply for the rebate to be returned to us if we pay 10% deposit upon signing contracts?

Apologies if this question has been asked before! Thanks

CramCycle · 27-01-2017 2:04pm

Nicolleok8 wrote: »

I have read through some of the posts and just looking for some help!
I reserved a house in November 2016. Contracts are due to be signed this week on the contract it states 10% deposit but I have read people changing the contract to 5% as revenue will be paying the rebate directly to the builder.

Solicitor has advised us that we pay 10% and apply for the money back ourselves.

House will not be ready until June.

Can I apply for the rebate to be returned to us if we pay 10% deposit upon signing contracts?

Apologies if this question has been asked before! Thanks

I think your solicitor is incorrect, the money would be paid directly to the builder/developer in the scenario you describe. you haven't paid a deposit yet, you haven't signed contracts and you haven't drawn anything down so I can't see how your solicitor thinks otherwise.

youcancallmeal · 27-01-2017 2:47pm

CramCycle wrote: »

I think your solicitor is incorrect, the money would be paid directly to the builder/developer in the scenario you describe. you haven't paid a deposit yet, you haven't signed contracts and you haven't drawn anything down so I can't see how your solicitor thinks otherwise.

We are same situation at the moment. The fact there is nothing on the revenue site to explain in detail how the process should work is what is really the problem. I've had to ring revenue about 7 times over the last 2 weeks and every time I get staff with varying levels of knowledge on the process. A few have told me though that the way it is supposed to work for post 1st Jan buyers is you pay your deposit minus whatever you're eligible for. We are trying to explain this to our builders solicitors but they first denied they should have any involvement at all and after some more prodding and sending of HTB1 forms they are now silent the last few days. We are sitting ready to go to sign the contracts, very frustrating stuff.

fret_wimp2 · 27-01-2017 2:59pm

To be sure i understand, as long as my loan to value is at least 70%, i qualify, is that correct?

I ask as i read in places where it has to be 80%

e.g. House price 400k
Loan of 300k is 75% LTV. would this qualify for help to buy?

68 lost souls · 27-01-2017 3:57pm

fret_wimp2 wrote: »

To be sure i understand, as long as my loan to value is at least 70%, i qualify, is that correct?

I ask as i read in places where it has to be 80%

e.g. House price 400k
Loan of 300k is 75% LTV. would this qualify for help to buy?

Initially it was 80% but that was amended to 70% at a later stage.

AGUSIA1 · 27-01-2017 8:42pm

We signed contract for a house and payed 10% deposit at the end of october - However the builder has still not signed and returned the contract,

There are quite a few people in this situation in our development.

As we have all ready payed the 10% deposit will revenue threat us as retrospective buyers or will the builder receive the Grant from revenue leaving him with a total of 15% deposit and us screwed!

Very worrying - Help needed

bittihuduga · 27-01-2017 9:09pm

AGUSIA1 wrote: »

We signed contract for a house and payed 10% deposit at the end of october - However the builder has still not signed and returned the contract,

There are quite a few people in this situation in our development.

As we have all ready payed the 10% deposit will revenue threat us as retrospective buyers or will the builder receive the Grant from revenue leaving him with a total of 15% deposit and us screwed!

Very worrying - Help needed

we are in the same boat..

AGUSIA1 · 27-01-2017 9:12pm

bittihuduga wrote: »

we are in the same boat..

Sorry to hear that.

Its simply a ridiculous situation.

<mod snip>

lunamia · 27-01-2017 10:29pm

CramCycle wrote: »

A week after I attached the required documents to myenquiries, I rang up. They said it was all in order but then that it would take an unknown amount of time for some other crowd to stamp it. That evening they stamped it. Give it a few days and then ring up is my advice.

Thanks for replying, but I think you have applied immediately at the begin of January.. I had to cancel and re-apply the 20th of January :mad:

jusvi2001 · 29-01-2017 11:26am

lunamia wrote: »

CramCycle wrote: »

A week after I attached the required documents to myenquiries, I rang up. They said it was all in order but then that it would take an unknown amount of time for some other crowd to stamp it. That evening they stamped it. Give it a few days and then ring up is my advice.

Thanks for replying, but I think you have applied immediately at the begin of January.. I had to cancel and re-apply the 20th of January :mad:

i am on the same boat i have cancelled and reapplied. claim documents are uploaded on 18/1 since then no news from revenue.

Muff Richardson · 29-01-2017 4:13pm

Anyone know if a person who inherited a property along with brothers and sisters and subsequently bought them out with a loan in the form of a mortgage would still qualify for the scheme? Seems a grey area, technically they did not purchase any property.

AGUSIA1 · 29-01-2017 4:50pm

Muff Richardson wrote: »

Anyone know if a person who inherited a property along with brothers and sisters and subsequently bought them out with a loan in the form of a mortgage would still qualify for the scheme? Seems a grey area, technically they did not purchase any property.

It would depend.
Is it you who's buying them out or the other way around. Has it all ready happpened.

Muff Richardson · 29-01-2017 5:47pm

AGUSIA1 wrote: »

It would depend.
Is it you who's buying them out or the other way around. Has it all ready happpened.

It's not me at all. It's a pal, his folks died about ten years ago, himself and two brothers were left the house, he took out a 100k mortgage and paid them both 50k each and they relinquished their share and the house was put in his name.

q85dw7osi4lebg · 29-01-2017 6:19pm

Muff Richardson wrote: »

Anyone know if a person who inherited a property along with brothers and sisters and subsequently bought them out with a loan in the form of a mortgage would still qualify for the scheme? Seems a grey area, technically they did not purchase any property.

They would not quality. Once you have owned a property you are exempt, regardless if it was purchased or inherited.

AGUSIA1 · 29-01-2017 6:38pm

My understanding of it is that his two brothers would qualify for htb scheme as you are allowd to inherit property. However as he bought them out he would not qualify.

Inheritance does not count.

Muff Richardson · 29-01-2017 6:55pm

AGUSIA1 wrote: »

My understanding of it is that his two brothers would qualify for htb scheme as you are allowd to inherit property. However as he bought them out he would not qualify.

Inheritance does not count.

yeah we had a similar opinion but it's in no way clear cut or conclusive. he still doesn't fit revenues definition of a first time buyer:

First Time Buyer – definition . Revenue say that…. “The first-time buyer must not have either individually or jointly with any other person (directly or indirectly), previously purchased, orbuilt a property.”

So – owning an inherited property will not exclude people from this scheme.

technically he has never purchased a property. it's a weird one.

even if revenue told him to f off which is the most likely outcome he would definitely have a case to challenge it. <mod snip>

Muff Richardson · 29-01-2017 7:01pm

Cayden Red Sender wrote: »

They would not quality. Once you have owned a property you are exempt, regardless if it was purchased or inherited.

this is not the case, inheritance does not exclude
you.

AGUSIA1 · 29-01-2017 7:13pm

Muff Richardson wrote: »

this is not the case, inheritance does not exclude
you.

Inheritance does not count but technically he 100% did buy that house (even if it was off his siblings) so he would be excluded in my opinion.
There will be a legal contract making this very clear.
Contact revenue would be best course of action

hawkeye_bmr · 29-01-2017 7:38pm

I have tried again to start an application for this, but now I get an error saying that I can't apply due to paying my LPT!

I have emailed them regarding this and they told me that I was registered as owner for multiple properties!?!

Gotta ring them tomorrow to see whats the deal with that!

TheUnderfaker · 29-01-2017 7:47pm

hawkeye_bmr wrote: »

I have tried again to start an application for this, but now I get an error saying that I can't apply due to paying my LPT!

I have emailed them regarding this and they told me that I was registered as owner for multiple properties!?!

Gotta ring them tomorrow to see whats the deal with that!

That happened to me as well. Turned out that because my dad and I both share the same name, when they forced people to pay for local property tax a few years back they just registered both of us as the property owner. It was all sorted out fairly quickly on the phone.

lunamia · 29-01-2017 8:05pm

jusvi2001 wrote: »

lunamia wrote: »

i am on the same boat i have cancelled and reapplied. claim documents are uploaded on 18/1 since then no news from revenue.

Just curiosity, was it the Revenue rejecting the application or they just asked and you canceled it and have re-do it from scratch?

lunamia · 30-01-2017 5:25pm

ShogunWarrior wrote: »

Just checked our bank account after seeing speranza2's post and we got paid the refund too! I imagine they'll get the whole process down to 7-10 days from application to payment, since it really was pretty smooth considering.

Hi, after the first step and the second one attaching the documents,
we had a third step where we were required to insert manually all the information about purchase, mortgage, etc...

How many days after this last process you've been paid?

Thanks

tbayers · 30-01-2017 8:29pm

Muff Richardson wrote: »

Anyone know if a person who inherited a property along with brothers and sisters and subsequently bought them out with a loan in the form of a mortgage would still qualify for the scheme? Seems a grey area, technically they did not purchase any property.

If you were registered for LPT then you are out im afraid. We bought at the end of July last year and we are claiming retrospectively. We had an issue convincing them we are in fact a first time buyer if we are registered for LPT.

tbayers · 30-01-2017 8:29pm

Muff Richardson wrote: »

Anyone know if a person who inherited a property along with brothers and sisters and subsequently bought them out with a loan in the form of a mortgage would still qualify for the scheme? Seems a grey area, technically they did not purchase any property.

If you were registered for LPT then you are out im afraid. We bought at the end of July last year and we are claiming retrospectively. We had an issue convincing them we are in fact a first time buyer if we are registered for LPT.

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

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