Stamp Duty Query

[OnLooker]

I am currently looking for an apartment or duplex to use as my primary residence. I already have a house with my sister which is rented out for the past 3 years. It is fully registered with the PRTB & stamp duty paid up.

My salary is 45k & I have savings of 25k. I also save 1500 a month.

A lot of the property specs I have been looking at state that the following: "No stamp duty for owner occupiers."

I didn't think this was the case for 2nd time buyer's?

Also, how much of a mortgage would I receive on current salary & savings?

Would I be better holding off until the end of the year when I will have 40k saved?

Thanks in advance

 

[ClubMan]

A lot of the property specs I have been looking at state that the following: "No stamp duty for owner occupiers."

I didn't think this was the case for 2nd time buyer's?

It is - new builds are exempt from SD for FTB and non FTB owner occupiers as long as they are under 125sqm.

 

[DeirdreL]

Oklooker

Clubman is right, no SD on new houses under 125sq metres for owner occupier

based on salary details, you would qualify for a mortgage of c €230,000 assuming the possibility to rent a room, I have used a 30 year term as an example

if you are too young/too old!! the term may be adjsusted to lower or higher that figure or if you are looking at a 1 bed property this figure could go down

DeirdreL

www.rea.ie