Here's what the Minister for Housing had to say about the change -
“The expansion of the Help to Buy Scheme for new and self-build properties was a key commitment in the Programme for Government and I am delighted that this fund, which has already helped over 19,000 first-time buyers to purchase their own home, will be expanded. The maximum amount first-time buyers can claim will be increased to €30,000, thus helping thousands more to get on the property ladder."
No details on when this change will take effect.
I'm afraid I don't know.Have any other government officials/ministers given clarity on the effective/start date for any of the other measures in the wider July stimulus package do you know?
Thanks Sarenco. Any thoughts re above query re interest charging norms on missed closure dates?I'm afraid I don't know.
Revised help-to-buy-scheme open for applications.
"Buyers who signed a contract for the purchase of a new house, or who drew down the first tranche of their mortgage in the case of a self-build, prior to July 23rd, will not satisfy the requirements of the enhanced scheme, but may still apply for the original relief, Revenue said.
In addition, buyers who have already submitted an application under the original scheme but who satisfy the requirements of the enhanced relief may cancel their original application and reapply for the new scheme."
Revised help-to-buy scheme opens for applications
Relief increased last month in stimulus plan to €30,000 or 10% of the property valuewww.irishtimes.com
Yes.Just confirming my doubts about the enhanced Help to Buy scheme. Me and my partner are on a group application, my max relief available is 20k. My partner's max relief is 19k. The approved Group max relief is 30k.
Does that mean we can avail for the enhanced 30k of HTB scheme?
Thank you.Yes.
We signed contracts in March 2019 and got 5% from HTB scheme.
Buyers who signed a contract for the purchase of a new house, or who drew down the first tranche of their mortgage in the case of a self-build, prior to July 23rd, will not satisfy the requirements of the enhanced scheme, Revenue said.
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