Dáil Éireann Debate, Tuesday - 24 July 2018
185. Deputy Fiona O'Loughlin asked the Minister for Finance the number of help-to-buy grant approvals on a monthly basis since the scheme was launched up to 29 June 2018; the number of drawdowns in this regard since the scheme was introduced to 29 June 2018; and if he will make a statement on the matter. [32902/18]
View answerI assume that the Deputy is seeking the number of applications received, the number of applications that reached claim stage and the number of claims approved under the Help to Buy (HTB) scheme, since its inception in July 2016.
There are two stages involved in the Help to Buy Incentive process. Stage 1 is the application stage, wherein prospective applicants can query whether they qualify for the incentive. They can also get clarity on the maximum amount of rebate they could potentially benefit from, based on their tax paid in a four-year period. Stage 2 is the claims stage, wherein applicants that decide to proceed with purchasing or building a qualifying property must provide documentary evidence of the relevant property transaction or their mortgage draw down.
I am advised by Revenue that the monthly breakdown of this data is as set out in the tables below:
Applications Received
|
Month |
Monthly |
Cumulative |
|
March 2017 |
3,856* |
3,856 |
|
April 2017 |
1,162 |
5,018 |
|
May 2017 |
850 |
5,868 |
|
June 2017 |
1,044 |
6,912 |
|
July 2017 |
1,094 |
8,006 |
|
August 2017 |
845 |
8,851 |
|
September 2017 |
778 |
9,629 |
|
September 2017 |
918 |
10,547 |
|
October 2017 |
820 |
11,367 |
|
November 2017 |
618 |
11,985 |
|
December 2018 |
379 |
12,364 |
|
January 2018 |
1,110 |
13,474 |
|
February 2018 |
1,257 |
14,731 |
|
March 2018 |
862 |
15,593 |
|
April 2018 |
1,101 |
16,694 |
|
May 2018 |
736 |
17,430 |
|
June 2018 |
647 |
18,077 |
Reached Claim Stage
|
Month |
Monthly |
Cumulative |
|
March 2017 |
614* |
614 |
|
April 2017 |
535 |
1,149 |
|
May 2017 |
405 |
1,554 |
|
June 2017 |
483 |
2,037 |
|
July 2017 |
615 |
2,652 |
|
August 2017 |
495 |
3,147 |
|
September 2017 |
478 |
3,625 |
|
September 2017 |
463 |
4,088 |
|
October 2017 |
399 |
4,487 |
|
November 2017 |
454 |
4,941 |
|
December 2018 |
451 |
5,392 |
|
January 2018 |
255 |
5,647 |
|
February 2018 |
358 |
6,005 |
|
March 2018 |
417 |
6,422 |
|
April 2018 |
488 |
6,910 |
|
May 2018 |
429 |
7,339 |
|
June 2018 |
414 |
7,753 |
Number of Claims Approved
|
Month |
Monthly |
Cumulative |
|
March 2017 |
260* |
260 |
|
April 2017 |
405 |
665 |
|
May 2017 |
380 |
1,045 |
|
June 2017 |
437 |
1,482 |
|
July 2017 |
553 |
2,035 |
|
August 2017 |
494 |
2,529 |
|
September 2017 |
469 |
2,998 |
|
September 2017 |
453 |
3,451 |
|
October 2017 |
431 |
3,882 |
|
November 2017 |
520 |
4,402 |
|
December 2018 |
422 |
4,824 |
|
January 2018 |
336 |
5,160 |
|
February 2018 |
369 |
5,529 |
|
March 2018 |
394 |
5,923 |
|
April 2018 |
430 |
6,353 |
|
May 2018 |
427 |
6,780 |
|
June 2018 |
440 |
7,220 |
*It should be noted that the relief was first made available for individuals who purchased or built between 19 July 2016 and 31 December 2016 with effect from 1 January 2017 onwards. As a result of the processing timeline, the first data for March 2017 is the cumulative figure of applications and claims up to that point.
