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Affordable housing and income limit

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  • 02-10-2006 4:52pm
    #1
    johny28
    Closed Accounts Posts: 90 ✭✭


    Hi Folks,

    I have a question regarding affordable housing scheme; what if after the initial approval and during the process of waiting for the house the income of the applicant increases to more than the allowed income limit?

    Thanks in advance


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    #2
    the_batman
    Closed Accounts Posts: 114 ✭✭the_batman


    johny28 wrote:
    Hi Folks,

    I have a question regarding affordable housing scheme; what if after the initial approval and during the process of waiting for the house the income of the applicant increases to more than the allowed income limit?

    Thanks in advance

    To the best of my knowledge, it is based on you P60 form.


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    #3
    jdivision
    Registered Users Posts: 4,260 ✭✭✭jdivision


    It's based on previous years income so wage increases don't affect it.


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    #4
    Jonnie_Onion
    Registered Users Posts: 245 ✭✭Jonnie_Onion


    Its the previous tax year when you are offered a property. So if you're waiting longer than a year any wage increases might become relevant. Of course, the income limit should be raised every year as well.


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