Price Changes since new HTB announcement

screamer

You may also see prices rising due to covid restrictions and rules. Building sites are highly monitored and thousands extra are being spent on Ppe for those working on those sites. Just saying the HTB may not be the only contributing factor to price rises.

Sheeps

I'm sale agreed, so price is already set. I've just been handed 10k.

Naos

Deleted User wrote: »

Where did you buy your tin foil hat?


I might be wrong, but I doubt very much, any builder will up their prices tomorrow.
Considering HTB is only available on new builds, you have two scenarios.
New builds, where the prices have already been announced for a specific phaze of a development.
New builds, where prices haven't been announced.

So are you expecting builders to change prices already announced? Or to increase prices that haven't been announced?

https://www.facebook.com/KilleenNuala/photos/pcb.718692902246958/718692042247044/?type=3&theater

"€430,000 before the new help to buy announcement, €440,000 after.
Looks like the price of a house in the new estate has gone up by €10,000 following the announcement of the increase in the Help to Buy Scheme."

brisan

Naos wrote: »

https://www.facebook.com/KilleenNuala/photos/pcb.718692902246958/718692042247044/?type=3&theater

"€430,000 before the new help to buy announcement, €440,000 after.
Looks like the price of a house in the new estate has gone up by €10,000 following the announcement of the increase in the Help to Buy Scheme."

Cairn has done the same on one of their estates

Smouse156

Naos wrote: »

https://www.facebook.com/KilleenNuala/photos/pcb.718692902246958/718692042247044/?type=3&theater

"€430,000 before the new help to buy announcement, €440,000 after.
Looks like the price of a house in the new estate has gone up by €10,000 following the announcement of the increase in the Help to Buy Scheme."

I must go get another Tin Foil Hat 🎩

CollyFlower

The cost to build has gone up, don't builders have to make homes more energy efficient and have wheelchair access?

tglynn

sparkle109 wrote: »

At what point do you claim the HTB? Is it at point of drawing down mortgage or signing contracts? There’s houses available at the end of this year I’d be very interested in but conscious that the Increase is only for 2020

Also interested in this. We are sale agreed on a new build. But it went be drawn down until 2021 when construction is done.

bdmc5

Sheeps wrote: »

I'm sale agreed, so price is already set. I've just been handed 10k.

Interesting , does it apply retroactively to sale agreed and already In process of claiming the original 20k ? Do it automatically go up to 30k or do you reapply ?

Price is only set when contracts are signed so can’t reapply for the extra 10k I wonder at that point?

Heres Johnny

My brother bought a house just as initial help to buy came in. Avoided price hikes but when phase 2 went on sale a few weeks later they were increased substantially due to help to buy. Its definitely a thing. Its the equivalent of government looking for social media likes. All it does is push up prices

Sheeps

bdmc5 wrote: »

Interesting , does it apply retroactively to sale agreed and already In process of claiming the original 20k ? Do it automatically go up to 30k or do you reapply ?

Price is only set when contracts are signed so can’t reapply for the extra 10k I wonder at that point?

The contracts haven't been signed yet. I have a booking deposit and the contracts issued.

islander35

sparkle109 wrote: »

At what point do you claim the HTB? Is it at point of drawing down mortgage or signing contracts? There’s houses available at the end of this year I’d be very interested in but conscious that the Increase is only for 2020

My solicitor told me that as soon as you sign contracts the developer can claim the Help to Buy then. So I’m signing this week and won’t be drawing my mortgage down til the new year but there should be no issue. Leo said yesterday he expects it to be extended Int 2021.