Mortgages

Help to Buy Scheme and How do I Apply

GET IN TOUCH

Help to Buy Scheme and How do I Apply

Enhanced Help to Buy Scheme

As part of the Government’s July Jobs Stimulus package a temporary enhanced HTB incentive was introduced. The dates have been extended to 31 Dec 2021. Applicants will be eligible for increased relief if they:
Sign a contract for the purchase of a new house or apartment or make the first draw down of the mortgage in the case of a self-build property.

The maximum Help to buy refund is calculated at the lesser of:
€30,000 (up from €20,000)
10% (up from 5%) of the purchase price of a new home.

For self-builds this is 10% (up from 5%) of the completion value of the property.
The refund is based on the amount of Income Tax and Deposit Interest Retention Tax (DIRT) you have paid for the four years before your purchase or self-build. Universal Social Charge (USC) or Pay Related Social Insurance (PRSI) are not taken into account when calculating how much you can claim.

  • CV style work history – noting qualifications, skills
  • Prove that there is a demand for your skill and area of expertise
  • Evidencing sustainability of income : Examples of salary’s within industry
  • Demand for skills within industry, comparable incomes/ vacancies currently on offer
  • Should 3 years self-employed documentation be unavailable a P21 for last PAYE employment

How will the refund be paid?

If you buy a new build after 1 January 2017, the refund will be paid to the contractor. If you self-build the property after 1 January 2017, the refund will be paid to a bank account you hold with your loan provider.

Mortgage Calculator

Request a callback

    Our Mortgage Partners

    Warning: If you do not keep up your repayments you may lose your home.

    Warning: The cost of your monthly repayments may increase.

    Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

    MOORE FINANCIAL
    CONSULTANTS
    NEWSLETTER

    Sign up to our newsletter to keep up to date with all the latest relevant financial information.

      MOORE FINANCIAL
      CONSULTANTS
      NEWSLETTER

      Sign up to our newsletter to keep up to date with all the latest relevant financial information.

        MOORE FINANCIAL CONSULTANTS LATEST NEWS