Originally Posted by arelyn
What's the story with the Bill?..I recognized that the bill has passed through the Dail and seanad 5stages of debate and it's about to be signed into law by the president but my concern is that the section 8 that borders on the Help to Buy increment was opposed both in the Dail and Seanad.
Does this mean that section of the bill won't be included in the actual law and the increment from 5% to 10% is a good as dead?
Anyone with a better understanding of the process should please shed more light on this
Can't advise of the process but if that's how is going to be, the bill will be pretty much useless to most applicants.
Most applicants were having trouble to even reach the max 20k in taxes or by being able to buy a 400k property.
To think that now the only applicants to avail of the maximum of the scheme, would be very high earners and new builds worth 600k. If the bank would give you a 600k mortgage during these times, you must have 170k annual combined salary.
If you have a 170k annual combined salary, I'm pretty sure if you really want to buy your first property you can do so without government help.