Hitch you are the only person I've seen suggesting that the tax rebate will be counted towards the deposit - what is giving you that idea?
-
-
Yeah it's basically a developer's grant without the political stones to call it oneOriginally posted by Emmet View PostComment
-
RTÉ seem to be saying itOriginally posted by Keane View Post
I can't quite figure it out though.The Scheme will apply to the purchase of newly built primary residences by first-time buyers from 19 July this year until the end of 2019.
Applicants must take out a mortgage of at least 80% of the purchase price of the house.
Any rebate received under the scheme will be reckoned in full in the calculation of the deposit required to be eligible for a mortgage under the Central Bank’s macro-prudential rules.
Run the scenario of FTB having €14k for deposit. CBI rules mean that they can put this towards a €140k mortgage.
However, they are also now entitled to a rebate of €7k. Which apparently is to be considered in coming to the deposit figure.
Thus they now have €21k for deposit. CBI rules mean that they can put this towards a €210k mortgage.
However they are also now entitled to a rebate of €10.5k (an additional €3.5k). Which apparently is to be considered in coming to their deposit figure.
Thus they now have €24.5k for deposit..
....
...
..
.Last edited by Emmet; 11-10-16, 13:13.Comment
-
That's interesting, I didn't think it had been put forward in those terms previously.Comment
-
..."We're not f*cking Burundi" - Big PhilComment
-
hah exactly, fucker was 'looking for a bit of work', that's the kind of attitude you have interviewing just to make sure you get a stamp for the social saying you tried.Originally posted by Elshambles View Post
fucking shinners
They did it wrong, he needed to go in and ask to speak to the HR department of various companies on the list...
Then drop the cv's if he got no joy
The problem is the Irish "left" is overrun by mammies boy(d), daddy pays for everything, spoilt little fucktardsPeople say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21Comment
-
up on SALTS (kodi addon) in 1080pOriginally posted by eoghan104 View Post
watched it the other night....People say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21Comment
-
I wonder what the specifics of what constitutes a 'new builds' are. I presume there are unfinished builds hanging around for the last couple of years that could be polished off and count?Comment
-
The deposit is not really the limiting factor on peoples borrowings, thats the 3.5x income.Originally posted by Emmet View PostRTÉ seem to be saying it
I can't quite figure it out though.
Run the scenario of FTB having €14k for deposit. CBI rules mean that they can put this towards a €140k mortgage.
However, they are also now entitled to a rebate of €7k. Which apparently is to be considered in coming to the deposit figure.
Thus they now have €21k for deposit. CBI rules mean that they can put this towards a €210k mortgage.
However they are also now entitled to a rebate of €10.5k. Which apparently is to be considered in coming to their deposit figure.
....
...
..
.
Using the rebate as a deposit means is that more people max out there deposit sooner and so add to the numbers ready to buy now while supply is still limited and thus drive up price while we wait for the new supply generated by this builders subsidy to come online.
That is my simplistic thoughts on using it for the deposit so surely it makes no sense to include it.Comment
-
What a treat it would be to have bought a new build in the last 3 months. You just got the 'developer premium' from the Govt instead of them.Comment
-
Give Tom Parlon his bonus.
Why do I hear that cnut on the radio when the 'housing crisis' is being discussed, when I should be listening to somebody from Focus Ireland?Happiness is not a goal; it is a by-product. ~Eleanor RooseveltComment
-
..."We're not f*cking Burundi" - Big PhilComment
-
Was there any indication as to how the first-time buyer allowance would work for those who are in the process of purchasing. When it was announced it was made clear that it would be retrospective to the day of the announcement. So if I had obtained approval and singed a contract after the announcement, is it possible to claim the rebate after the purchase is complete?You are technically correct...the best kind of correct
World Record Holder for Long Distance Soul Reads: May 7th 2011Comment
-
There was some capital spending review thing in there somewhere as well was there? Was listening but got distracted...
I presume it will be a committee for deciding what excuse to give for not investing in public transport to report back in the middle of next year yeah?Comment
-
Originally posted by Keane View PostThat's across all of the different aspects.Donohoe: I’m announcing €58 billion in gross expenditure for 2017 – €53.5 billion in current day to day spending - equivalent to almost €11,500 for every man, woman and child in this country. €4.5 billion euro in capital spending. In total, this is an increase of €1.9 billion or 3.3%. This is at a time with the economy forecast to grow by over 4.5% in nominal terms.
Doesn't look enough
Three weeks ago Michael Noonan and Paschal Donohoe told the Fine Gael think-in that they would introduce a €1 billion budget. Today, that has risen to a €1.3 billion budget, though because the increases in capital spending are smoothed out over a few years, in fiscal terms it is €1.2 billion. The total expenditure package is €905 million, of which €100 million is new capital spending. Tax reductions of €490 million, with €195 million of tax increases, leaving a net tax package of €295 million.Comment
-
The answers to his question is all Hildog needs to play from now till the endOriginally posted by Lord Sir Christmas View Post
He didn't answer any of it, then takes a dig at her about allowing Chinese steel in
She points out he buys the steel off the Chinese (he goes quiet for first time) and she makes attempt at answering the question in that primed politico way of hers
Forgetting the rest of his bullhshit and her awfulness, that alone should be game over!!!Comment
-
How would you fix the homeless crises? Just give every down and out drug addict there own house for free problem solved. Fact is many women see having a couple of kids and getting a council house beside there family as a god given right. Every second charity seems to be collecting for the homeless throwing money at does not seem to be working.Originally posted by Wombatman View PostComment
-
Donavans reef is on film4, it's a good life lesson!
Im gonna buy a bar on some tropical island
Booze it up with some Lee Marvin type until I'm well into my 60's
Then marry some wealthy socialite beaut in her early 30's, who comes on holiday and falls for me cause i'm the only eligible white man around
Solid 8.7/10 plan imoComment
-
Well could be worse if you make less than 50k the guys on the dole actually made more out of the give away budget than you....Originally posted by Raoul Duke III View Post
Still not sure what the point in raising the inheritance allowance is but nice that patricide is now a more lucrative option, pretty much throwing money away by the govt imo but since people will be living in homes for longer they will end up needing to sell off all their assets before the end to cover the costs anyway so no big deal.
The options for what I will spend my new found wealth on are amazing. Will I bring my fiance out for dinner, buy part of an ipad or even get the car serviced if there are no parts required.
Its a bright future full of possibilities now that the pot of gold under the rainbow govt has been found.Comment
-
There was a headline on the Indo about Mortgage Interest Relief being extended but can't find anything on it, I assume it is just referring to the increase in buy-to-let interest deductibility and not an extension of the actual MIR scheme for householders
Comment
-
-
Jasas Flim 4, ye'd be the ruination of a young fells day
The Yank just got off the train in Castletown
& there was me about to go out
Sur suppose'n I'd better lie back down on the couch
Comment
-
75% -> 80%Originally posted by mcnugget View PostThere was a headline on the Indo about Mortgage Interest Relief being extended but can't find anything on it, I assume it is just referring to the increase in buy-to-let interest deductibility and not an extension of the actual MIR scheme for householdersComment
-
I keep remembering a really disturbing episode of an early living abroad C4 series called No Going Back. It was s01e02 and it is the only episode thats not easily available from the usual sources... I'll have a look for some other sources tonight.Originally posted by Elshambles View Post
Don't want to spoiler it for anyone who hasn't seen it but its definitely one of those TV moments that lives much longer in the memory than you'd want it to.
Decent read on the story on buzzfeedTurning millions into thousandsComment
-
No it's this I was on about:Originally posted by Emmet View Post
"A couple more things on housing:
Firstly, Noonan says he is extending mortgage interest relief until 2020 (it was originally due to end in December 2017). However the full details of these won’t be released until next year."
Good old Mickey Noonan, that's an unexpected bonus.Comment
-
Fuck off. Like you won't be paying cash for a 20%+ discount like everyone else!!Originally posted by Gimmeabreak‘IF YOU had not committed great sins, God would not have sent a punishment like me upon you.” Genghis KhanComment
-
Well that's a relief then.
Also reassuring to see we have our top people on it.Comment
-
X can be anything, any number, that is what’s CRAZY about X.
Because X doesn’t roll like that, because X can’t be pinned down!
$ Free Travel Credit with Airbnb $Comment
-
I'm actually worse off next year due to my credit expiring.Originally posted by Gimmeabreak
"We are not Europeans. Those people on the continent are freaks."Comment
-
How wrong of an assumption would it be to say most vegetarians are cheap?Go big or go homeless.Comment
-
-
Granola is shit expensive.Originally posted by mdoug View Post
"We are not Europeans. Those people on the continent are freaks."Comment
-
...Last edited by Hitchhiker's Guide To...; 11-10-16, 16:14."We're not f*cking Burundi" - Big PhilComment
-
..."We're not f*cking Burundi" - Big PhilComment
-
Anyone have any experience negotiating with phone companies?
A friend of mine ran up a 900euro bill over 3 months with Vodafone Malta. Contract is 37euro a month including 200mb of internet or so. It's 2euro per 100mb after that. There are some international calls and she's obv happy to pay the 37x3 and phone calls but has no idea what happened with the internet.
Anyone know what they could agree to? I spoke to them now and they seemed very agreeable to come to an arrangement if she tells them she messed up and forgot to turn on wifi or whatever.Comment
-
C'mon the town!Comment
-
-
-
What's everyone bitching about, free teeth cleaning is back, rollingComment
-
-
I bought in April so will miss out unfortunately. Even it I had of being able to get it I have only been paying income tax for the last 1.5 years due to being in Sydney.Originally posted by Emmet View Post
The scheme will provide first-time buyers with a rebate of income tax paid over the previous four tax years, up to 5% of the purchase price of a new home up to a value of €400,000.
So for Emmet, if you come back to Dublin next week and buy a house next month will you be eligible for nothing?Comment
-
-
*****Shill Alert*****
Mrs DP trying to get this off the ground so a like, share and comment would be much appreciated.
Plus there are prizes!!
Thus ends the shillLast edited by DeadParrot; 11-10-16, 18:50.People say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21Comment
-
-
Halfway there anyway Chad.Originally posted by CHDog View Post
DP, that's done. I got a good bit of support from here when my soccer team sponsor told us to get some likes so happy to return the favour. GL with it. Stuff looks cool anyway for stocking fillersComment
-
have england in my betting tonight, I obviously hate moneyPeople say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21Comment
-
Hmmmm Q10s, AdQd or AA only in this hand?
Not me obv. Villain is Jeff Gross
Comment
-
Mon the town!Comment
-
WTF?Originally posted by Flushdraw View PostPeople say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21Comment
-
Sterling taking another nosedive again today.Comment
-
-
-
-
-
-
He must have a shitload of history to work that out assuming he's not just playing scared with 270bbOriginally posted by Flushdraw View Post
Turning millions into thousandsComment
-
Michael Noonan looks like he really needs to buy new suits that are smaller as he always looks like he picked up someone else's clothes.Comment
-
have many here watched stranger things. heard it was good. watched a bit thought mahh but picked up again. have about 5 epsisodes watched now and i still dont know if i like it. but i dont not want to watch it either.Comment
Comment