Supports for single people looking for a mortgage?

Resolve that issue within social housing and then go after the ones who are paying full price for a house! Not sure why a single person moving a partner into a house after sale would be a problem. Would be the single persons house, they can do what they want then. The problem is single people can't get on the market as it's skewed towards couples.

I don't think supports is the right word, more that the whole housing market needs an overhaul. I also have no idea how one could go about such a thing. I'm not learned enough. Nor do I care any longer. I'm victim of a failed mortgage which spiralled out of control fairly quickly, and as a result I have to sell and take a hit and will be paying it back for the forseeable future. My credit history record is that laughing face emoji. I'm hoping to downgrade it to a sly smirk emoji within 5 years. Then maybe another 10 after that before I'll ever get credit for anything or an approved loan again.

No, not bitter in the slightest.

Your missing the point - If you compare a single person earning €50K to a one income family with 3 kids also earning €50K - yes the take home pay is slightly higher for the couple as they can benefit from the none working spouses tax credits/cut off point and childrens allowance but their overall essential spend to support a family of 5 is much higher. The tax benefits doesnt cover the higher expenses. So the family cannot save as much per month as the single person.

Of course a couple with 2 good jobs will be in a much better position to borrow than a single person but they are also in a much better position than a couple with only 1 income. Very often a single person is in a much better position financially than a family - they just dont realise it!

Totally…

northwood…two bedroom apartment, nice development but a 20 year old development now..

2 bedroom apartment, 289,000

so 210,000 is someway short.

Rather than the OP sneering and looking down at the single people complaining to him, why doesn't he ask himself, regardless of the reasons they can't buy, what does he think is going to happen to the social fabric of the country in 30 years time when single people are still renting? We have a massive problem coming down the line, it's genuinely quite frightening.

I'm single and just bought a house in Dublin. It was incredibly difficult to do, took many years of living at home and saving (which I was very fortunate to be able to do), and is still a small house that needs a huge amount of work. I am not entitled to any grants or subsidies whatsoever. Help to Buy may as well not exist in Dublin, anyone looking knows there are zero new builds that are affordable for 99.9% of single people. I looked into getting the SEAI grants for improving the BER rating, but you only really get them if you get everything done at once (heat pump, wall insulation, underfloor heating etc), which I cannot afford. So I am buying new windows and a door but get no government aid, even though it still improves the energy rating of the house. Yet again, it just feels like- well, feck you, you're single, toughs s**t.

I'm taking out a loan for some of the other work, so that's another pile of debt. I'm just trying not to think about it too much. Also, it doesn't matter how much you save, if you can only borrow 3.5x your income. What's the point of saving 90% of your take home pay if you're on €25k, and can then only borrow €87k to buy a house? That's another thing, I had to wait many years after graduation before my salary was at a reasonable enough level. Every extra €3k in salary is another €10k you can borrow- for most people it will take them a long time to save €10k.

It's a horrible situation for anyone trying to buy, a bit of human empathy wouldn't go amiss, rather than choosing to think people are lazy, entitled, avocado-on-toast eating whingers, etc.

You are rambling here and yes you are missing the point completely. You seem to only want to discuss single people because you think there hard done by. I'm saying sometimes couples are actually alot worse off. You want single people to be boosted up the ladder but don't seem to see why this could be unfair on other situations. Please discuss the point I'm making- it is very relevant.

Why should single people receive help but couples with the same combined income as the single person shouldn't receive help ?

You are assuming all couples have a high income because there is 2 of them which is not true in a lot of cases.

This is my last post to you. You are the one not wanting to discuss the issues. All you seem to want me to say is that it would be fair to give single people a handout to buy a house.

You seem to have a poor understanding of real life.

I don't know how single people do it in a lot of ways.

I think the only support they'll be getting is their own two legs.

Allowing them to borrow more than the 3.5 times of their salary could be an option.

There are a number of applicants every year who can borrow 4.5 times instead of 3.5 times, so clearly these reasons don’t always apply. Not suggesting borrowing should be unlimited - but if certain criteria are met a solo applicant could be given provision to borrow 4.5 times instead.

The current schemes are not there to help buyers really, because only new builds qualify, so they don't suit anyone looking at an existing property. Incentivising people to buy new builds may have been government policy to get construction going again after the crash, but we all know that a huge number of people want smaller units yet most new developments seem to be built with families in mind, ie 3/4/5 bed houses. Most developments with smaller units look like they are strictly built-to-rent.

Tbf, it's not realistic for older singles, divorced, or retired people to house-share like students for any number of reasons, but getting a deposit together must be really tough for single buyers who pay high rents. Lots of renters could probably afford the mortgage repayments but the deposit is the killer. Could some smart person not come up with a scheme where the 30k HTB is applied up-front as the deposit (on new or existing units), rather than a rebate after the home is bought? Wouldn't the effect to the treasury be the same?

Well buying an affordable home at a significant market discount would be a huge benefit to a buyer. The fact is that single buyers will have to have decent salaries as they are competing against couples with 2 salaries. The government already interferes in the market too much in my opinion, there really shouldn't be tax rebates or subsidised houses. I think that anyone looking to buy, but especially single buyers, really need to get a significant amount of money saved. This is a lot easier when you are younger and willing to live in house shares. The put it bluntly, you really need to get to 30 with a reasonable amount saved.

On the flip side, single people are far less likely to have those money pits called children, and all the financial fun that comes with them. If we're talking about what-ifs.