Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Incentive to buy/build scheme

Options
  • 07-04-2022 10:12pm
    #1
    tonydude
    Registered Users Posts: 1,672 ✭✭✭


    Hi guys looking for some advice with this topic, I'm building a house and I'm going down the direct labour route, am I still eligible to apply for this grant instead of going with a contractor?

    Has anyone been in the same boat?


    Thanks



Comments

  • Options
    #2
    2smiggy
    Registered Users Posts: 20,481 ✭✭✭✭2smiggy


    Doing the same. You need to get a mortgage approved to 70% plus of the value of the house.


    For me I started the house before I had my mortgage approved, had a bit saved. I had the site valued with the blocks up. The bank will supply this for a fee. Just key to get the mortgage approved amount 70% + of the value of the finished house.

    The amount is up to 30K , depending on value of house up to 10%, or total of last 4 years tax paid (not USC). Between u and partner. Which ever is less. The value of your house can't be more than 500k either.


    PM me any questions



  • Options
    #3
    2smiggy
    Registered Users Posts: 20,481 ✭✭✭✭2smiggy


    Also u and a partner if u have one can't have taken a mortgage out on a house previously



Advertisement