Stamp Duty Query

I am currently looking for an apartment or duplex to use as my primary residence. I already have a house with my sister which is rented out for the past 3 years. It is fully registered with the PRTB & stamp duty paid up.

My salary is 45k & I have savings of 25k. I also save 1500 a month.

A lot of the property specs I have been looking at state that the following: "No stamp duty for owner occupiers."

I didn't think this was the case for 2nd time buyer's?

Also, how much of a mortgage would I receive on current salary & savings?

Would I be better holding off until the end of the year when I will have 40k saved?

Thanks in advance

OnLooker said:

A lot of the property specs I have been looking at state that the following: "No stamp duty for owner occupiers."

I didn't think this was the case for 2nd time buyer's?

Click to expand...

It is - new builds are exempt from SD for FTB and non FTB owner occupiers as long as they are under 125sqm.

Oklooker

Clubman is right, no SD on new houses under 125sq metres for owner occupier

based on salary details, you would qualify for a mortgage of c €230,000 assuming the possibility to rent a room, I have used a 30 year term as an example

if you are too young/too old!! the term may be adjsusted to lower or higher that figure or if you are looking at a 1 bed property this figure could go down

DeirdreL

www.rea.ie