If you are a first time buyer and are looking for advice – relating to both the mortgage and general questions on how it all works then you have come to the right place !
With the Governments latest announcement, now is a great time to be a first time buyer looking for a new build home. You can now get upto €30,000 towards the cost of your new property – there is no catch or pay back. This will mean you will need a much smaller (or no) deposit – making it much easier for you to get on the property ladder.
If you would like some advice on buying or help with applying for a mortgage, please contact us now!
STEPS
1. Register with Revenue’s myAccount service at Revenue.ie. You will need your personal
public service (PPS) number, date of birth, phone number, email and home address.
- Then, you need to complete a ‘form 12’ tax return for each of the years on which you are
seeking a rebate of tax paid. - To complete the online application process, you will need to upload a copy of the signed
new home contract, provided by your solicitor, as well as details of the property, its purchase price and the completion date. To find out everything you need to know about buying a new home, contact us. - You will also need to provide details of the mortgage lender and of the mortgage, including all deposits paid, and how much you are borrowing from your lender – we can help here
- Finally, you will need to upload your builder/ developer’s details. Once the claim is submitted, as part of the claim process, the details will need to be verified by your builder/developer, who in turn will also confirm details of the purchase with Revenue
- Your refund will be paid directly to your builder/developer and deducted from the cost of the property