Frequently Asked Questions

Is Stamp Duty applicable? How much is it?

Stamp Duty is 1% of the purchase price of the home for properties up to €1 million. For properties valued over €1 million a rate of 2% is applied on the balance.

Can you recommend Solicitors?

The Sales Agents on each of our developments have a panel of solicitors to recommend to assist you with the conveyancing process.

Is the HTB accepted on all of your developments?

We have a number of developments that qualify, for a full list please access: HTB Scheme

What is involved in applying for the HTB Scheme and how do I know if I qualify?

In order to qualify, the developer must be a qualifying contractor. Glenveagh is a qualifying contractor. You can apply for the HTB scheme if you are an eligible first-time buyer and are a PAYE taxpayer.

Please note the closing date for the applications for the HTB is 31 December 2019. However, if you have entered into a contract to buy a house and have a successful application, you can draw down the grant before 31 December 2019. If your house sale does not close within 2 years from the date of draw down, Revenue will seek repayment of the grant.

For more information please check Revenue.ie https://www.revenue.ie/en/property/help-to-buy-incentive/index.aspx

When do I sign the contract?

Once you have reserved your home and paid the booking deposit to the sales agent, Glenveagh Home’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.

What is the process after signing?

After the contracts are signed by you and Glenveagh, the same are exchanged, which means one contract is kept by Glenveagh Home’s solicitor and one is kept by your solicitor. Once this happens, the sale is binding for both sides.

What is a snag list?

A snag list is a list of minor omissions on defects 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 7-10 days and upon your return for inspection are signed off as completed by you.

When can I snag the property?

This typically happens with 3-6 months of placing a deposit depending on how far in advance you reserved your unit.

What’s involved in snagging the property?

The purchaser can do their own snag, appoint a snagger (surveyor) of their preference or Glenveagh can recommend a list of local snaggers. Once the snag list is received by site, we will work through the list and then call the purchaser to reinspect the unit for sign off.

How soon can I close after snagging?

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 had been completed, the purchaser should instruct their solicitor to arrange closing with Glenveagh’s solicitor and contact their bank to request drawdown of funds.

When do I collect the keys to my new home?

Once the solicitors finalise all the closing documents and funds are received by Glenveagh’s solicitor, we’ll be in position to close the sale. You will be contacted by Glenveagh’s closing team who will arrange for the handover of keys & welcome pack and access to your new home. Congratulations!

Is Stamp Duty applicable? How much is it?

Stamp Duty is 1% of the purchase price of the home for properties up to €1 million. For properties valued over €1 million a rate of 2% is applied on the balance.

Can you recommend Solicitors?

The Sales Agents on each of our developments have a panel of solicitors to recommend to assist you with the conveyancing process.

Is the HTB accepted on all of your developments?

We have a number of developments that qualify, for a full list please access: HTB Scheme

What is involved in applying for the HTB Scheme and how do I know if I qualify?

In order to qualify, the developer must be a qualifying contractor. Glenveagh is a qualifying contractor. You can apply for the HTB scheme if you are an eligible first-time buyer and are a PAYE taxpayer.

Please note the closing date for the applications for the HTB is 31 December 2019. However, if you have entered into a contract to buy a house and have a successful application, you can draw down the grant before 31 December 2019. If your house sale does not close within 2 years from the date of draw down, Revenue will seek repayment of the grant.

For more information please check Revenue.ie https://www.revenue.ie/en/property/help-to-buy-incentive/index.aspx

When do I sign the contract?

Once you have reserved your home and paid the booking deposit to the sales agent, Glenveagh Home’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.

What is the process after signing?

After the contracts are signed by you and Glenveagh, the same are exchanged, which means one contract is kept by Glenveagh Home’s solicitor and one is kept by your solicitor. Once this happens, the sale is binding for both sides.

What is a snag list?

A snag list is a list of minor omissions on defects 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 7-10 days and upon your return for inspection are signed off as completed by you.

When can I snag the property?

This typically happens with 3-6 months of placing a deposit depending on how far in advance you reserved your unit.

What’s involved in snagging the property?

The purchaser can do their own snag, appoint a snagger (surveyor) of their preference or Glenveagh can recommend a list of local snaggers. Once the snag list is received by site, we will work through the list and then call the purchaser to reinspect the unit for sign off.

How soon can I close after snagging?

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 had been completed, the purchaser should instruct their solicitor to arrange closing with Glenveagh’s solicitor and contact their bank to request drawdown of funds.

When do I collect the keys to my new home?

Once the solicitors finalise all the closing documents and funds are received by Glenveagh’s solicitor, we’ll be in position to close the sale. You will be contacted by Glenveagh’s closing team who will arrange for the handover of keys & welcome pack and access to your new home. Congratulations!

Help to Buy Scheme

The Help to Buy Scheme or First Time Buyers Grant is designed to assist first time buyers to get the deposit required to purchase a new home. The incentive provides for a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid over the previous four tax years to first time buyers.

The maximum relief is 5% of the purchase price up to a maximum of €20,000, and is available to first time buyers .

See the Guide