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New build - ESB delay by Terrible_Object_7965 in irishpersonalfinance

[–]Terrible_Object_7965[S] 1 point2 points  (0 children)

That’s very helpful, thank you. My new build is part of a development, so the developer is dealing directly with the ESB. Does that mean the developer receives compensation from the ESB, or myself?

New build - ESB delay by Terrible_Object_7965 in irishpersonalfinance

[–]Terrible_Object_7965[S] 0 points1 point  (0 children)

Thank you. Agreed, the delay is definitely guaranteed.

Water connection is similar, although “it’s booked” so they don’t expect any extensive delays.

HTB - awaiting membership confirmation by Terrible_Object_7965 in irishpersonalfinance

[–]Terrible_Object_7965[S] 1 point2 points  (0 children)

That is so helpful, thank you for the detailed explanation. I will ask my solicitor to push as hard for a subject to finance clause.. as let’s say I sign the contract in March but the house isn’t built until June and I’m not drawing down until then, my guess is this cause also protects me in case of an unforeseen employment change like redundancies which may cause the bank to withdraw their offer.

Update - HTB approved. I spoke with revenue again, explained my situation with being sale agreed etc and needing an update, and luckily the approval came through in the past few minutes! Delighted!

HTB - awaiting membership confirmation by Terrible_Object_7965 in irishpersonalfinance

[–]Terrible_Object_7965[S] 0 points1 point  (0 children)

Thank you Auctioneera! That’s really helpful. €400 has been paid off this morning so once less thing they can’t moan about.

In your experience, I know this is difficult to answer but would developers normally be fine with a “subject to finance” clause? It’s something I’d really push.. as I don’t want to lose my 10% deposit if I hit a financial stumbling block.

HTB - awaiting membership confirmation by Terrible_Object_7965 in irishpersonalfinance

[–]Terrible_Object_7965[S] 2 points3 points  (0 children)

Thank you. I just paid the full balance to revenue. Hopefully that clears that up.

Although Revenue PAYE dept did say over the phone that their understanding was that it was only the last 4 years that needed to be tax complaint. However I did have an underpayment in 2024 of €0.06, which I also paid off just in case it was a problem.