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FAQ

The Vella Sales Agents have a panel of mortgage brokers to recommend and assist you with the funding process.

The Vella Sales Agents have a panel of solicitors to recommend and assist you with the conveyancing process.

Use myAccount or Revenue Online Service (ROS) to apply for HTB online.

There are two stages to the online process:

  • the application stage
  • the claim stage.

To qualify and claim HTB, you must:

  • be a first-time buyer
  • buy or build a new property between 19 July 2016 and 31 December 2021
  • live in the property as your main home for five years after you buy or build it
  • be tax compliant, if you are self-assessed you must also have tax clearance.

To qualify, you must not have previously bought or built a house or apartment, either on your own or jointly with any other person. If you are buying or building the new property with other people, they must also be first-time buyers. If you have inherited or been gifted a property it will not affect your eligibility.If you are buying the property, you must have signed a contract to buy that property on or after 19 July 2016. If you are self-building, you must have drawn down the first part of the mortgage on or after that date.

The contractor you are purchasing your home from must be approved by Revenue. You can check the list of approved developers and contractors to make sure that your developer or contractor is approved. Vella Homes is an approved developer and contractor.

Once you have reserved your home and paid the booking deposit to the sales agent, Vella’s solicitor will send the Contract for Sale and supporting documentation to your solicitor for review. Once your solicitor is satisfied with the title, you will be contacted to arrange signing of the contract in duplicate.

After the contracts are signed by you and Vella Homes, the contracts are exchanged, which means one contract is kept by Vella’s solicitor and one is kept by your solicitor. The sale will then be binding for both sides.
A snag list is a list of minor omissions in the building works compiled by you or your representative upon first inspection of your home prior to closing the sale. These items are addressed by the developer within typically 5-10 days. Upon your return for inspection these are signed off as completed by you.
The purchaser can do their own snag, appoint a snagger (surveyor) of their preference or Vella Homes can recommend a list of snaggers. Once the snag list is received, Vella will work through the list and then call the purchaser to reinspect the unit for sign off. When the purchaser is invited to snag their property, a completion notice is issued to their solicitor informing of our intention of closing the sale within 21 days. Once the final inspection has been completed, the purchaser will instruct their solicitor to arrange closing with Vella’s solicitor and contact their bank to request drawdown of funds.
Once the solicitors finalise all the closing documents and funds are received by Vella Homes solicitor, the sale will close. You will be contacted by Vella’s relationship management team who will arrange for handover of keys & welcome pack and access to your new home.

Mortgage​

Overview
The Help to Buy (HTB) incentive is a scheme for first-time property buyers. It will help you with the deposit you need to buy or build a new house or apartment. You must buy or build the property to live in as your home.
 
The incentive will give you a refund of Income Tax and Deposit Interest Retention Tax (DIRT) that you paid in Ireland over the previous four years.
 
How much can I claim?
The amount that you can claim is the lesser of:
  • €20,000
  • 5% of the purchase price of a new home. For self-builds this is 5% of the completion value of the property
  • the amount of Income Tax and Deposit Interest Retention Tax (DIRT) you have paid in the four years before your purchase or self-build.
The maximum payment is €20,000 per property. This cap applies regardless of how many people enter into a contract to buy a house.

Universal Social Charge (USC) or Pay Related Social Insurance (PRSI) are not taken into account when calculating how much you can claim.
 
How will the refund be paid?
If you buy a new build after 1 January 2017, the refund will be paid to Vella Homes.