Buying a house 2012

Verte11 · 23-03-2012 10:22pm

Hope it all goes okay.'tis a stressful time

ted1 · 24-03-2012 8:40am

killers1 wrote: »

crunchiecarms wrote: »

Hi guys,
Hope someone here can help me with this query. Just wondering about mortgage repayments for a couple who's salaries are significantly different by about €10,000. My husband earns more than I do, is there a calculation based on both of our salaries to work out how much of a repayment we both should make into the mortgage?
:-)

If you have decided not to contribute equally to the mortgage repayment then the amount you each should pay will depend on your actual incomes. If you earn €40k and he earns €50k then he earns 20% more than you so should pay 60% of the mortgage repayment & you pay 40%. Alternatively if you earn €90k and he earns €100k, then he earns 10% more than you so then you should pay 45% of the repayment and he pay 55%...etc etc...Hope you get your keys before the hotel bills start to clock up too much....

Some dodgy maths there. If he earns 20% more and they split it 60 40 well then he is paying 50% more not 20%. Also because of tax there tax home pay will have a smaller difference.

55 45 is the split..
Based on 50k and 40k the maths is.
100/90*50 and 100/90*40

killers1 · 24-03-2012 1:06pm

ted1 wrote: »

killers1 wrote: »

crunchiecarms wrote: »

Hi guys,
Hope someone here can help me with this query. Just wondering about mortgage repayments for a couple who's salaries are significantly different by about €10,000. My husband earns more than I do, is there a calculation based on both of our salaries to work out how much of a repayment we both should make into the mortgage?
:-)

If you have decided not to contribute equally to the mortgage repayment then the amount you each should pay will depend on your actual incomes. If you earn €40k and he earns €50k then he earns 20% more than you so should pay 60% of the mortgage repayment & you pay 40%. Alternatively if you earn €90k and he earns €100k, then he earns 10% more than you so then you should pay 45% of the repayment and he pay 55%...etc etc...Hope you get your keys before the hotel bills start to clock up too much....

Some dodgy maths there. If he earns 20% more and they split it 60 40 well then he is paying 50% more not 20%. Also because of tax there tax home pay will have a smaller difference.

55 45 is the split..
Based on 50k and 40k the maths is.
100/90*50 and 100/90*40

Apologies - my logic was correct my figures were off!!

Yeboah · 26-03-2012 1:25pm

Hi,just got word that my Mortgage loan offer has issued and will be with my broker tomorrow. Myself and my partner hust had to sign a health Dec etc for the life assurance as have been through this all not so long ago only for the prvious house to fall through. Just wondering once we sign the DD mandate and other forms in the loan pack how long would it roughly take till completion and move into house (house is vacant).. As far as im aware most other factors have been taken care of, House was kind of bought backwards because of previous house falling through ie solicitor has contracts etc. and vendors solicitor is next door which is handy. This was the last step we needed.

killers1 · 26-03-2012 1:43pm

Yeboah wrote: »

Hi,just got word that my Mortgage loan offer has issued and will be with my broker tomorrow. Myself and my partner hust had to sign a health Dec etc for the life assurance as have been through this all not so long ago only for the prvious house to fall through. Just wondering once we sign the DD mandate and other forms in the loan pack how long would it roughly take till completion and move into house (house is vacant).. As far as im aware most other factors have been taken care of, House was kind of bought backwards because of previous house falling through ie solicitor has contracts etc. and vendors solicitor is next door which is handy. This was the last step we needed.

If you broker is due to receive copy of loan offer tomorrow the solicitor will also receive the loan pack. This will then allow you to sign contracts once your solicitor is happy with them and seeing as they have had them for a while I presume they have raised all pre-contract enquiries with the vendors solicitor. Your life policy can be activated and sent to the bank and your home insurance set up quickly. How long it will take will depend on the vendor & their solicitor. If they want it done asap no reason why you wouldn't have keys within 2 weeks..but then again it depends on having a willing buyer/vendor & 2 efficient solicitors looking to bring it to a close asap..

Yeboah · 26-03-2012 1:52pm

killers1 wrote: »

If you broker is due to receive copy of loan offer tomorrow the solicitor will also receive the loan pack. This will then allow you to sign contracts once your solicitor is happy with them and seeing as they have had them for a while I presume they have raised all pre-contract enquiries with the vendors solicitor. Your life policy can be activated and sent to the bank and your home insurance set up quickly. How long it will take will depend on the vendor & their solicitor. If they want it done asap no reason why you wouldn't have keys within 2 weeks..but then again it depends on having a willing buyer/vendor & 2 efficient solicitors looking to bring it to a close asap..

Thanks very much, yeah the vendor is very keen to sell as he has moved to France and wants a fast completion just as much as me. Hopefully there is no issues like planning like the preious property and the fact the two solicitors are next door to each other should get us on our way. Just hoping for no more hiccups. Nervous times

killers1 · 26-03-2012 1:55pm

Yeboah wrote: »

Thanks very much, yeah the vendor is very keen to sell as he has moved to France and wants a fast completion just as much as me. Hopefully there is no issues like planning like the preious property and the fact the two solicitors are next door to each other should get us on our way. Just hoping for no more hiccups. Nervous times

No point in stressing about the parts you can't control. Just make sure that all the non-legal items are in place so your solicitor can drawdown the funds in due course. You could put a call in to your solicitor to see if they are happy with the contracts or have any queries yet to be answered by the vendors solicitor. This will let you know if there are any planning issues etc with a question mark over them.... Once your solicitor says they are happy for you to sign contracts and any queries have been addressed by the vendors it should be fairly plain sailing...best of luck!

Yeboah · 26-03-2012 2:40pm

killers1 wrote: »

No point in stressing about the parts you can't control. Just make sure that all the non-legal items are in place so your solicitor can drawdown the funds in due course. You could put a call in to your solicitor to see if they are happy with the contracts or have any queries yet to be answered by the vendors solicitor. This will let you know if there are any planning issues etc with a question mark over them.... Once your solicitor says they are happy for you to sign contracts and any queries have been addressed by the vendors it should be fairly plain sailing...best of luck!

Thanks again Killers1..Yeah i sent email to solicitor at lunch there (what did we do before smartphones) just to see if everything is A Ok with contracts, title etc. Hopefully will all work out.. thanks for your help

killers1 · 26-03-2012 2:44pm

Yeboah wrote: »

killers1 wrote: »

No point in stressing about the parts you can't control. Just make sure that all the non-legal items are in place so your solicitor can drawdown the funds in due course. You could put a call in to your solicitor to see if they are happy with the contracts or have any queries yet to be answered by the vendors solicitor. This will let you know if there are any planning issues etc with a question mark over them.... Once your solicitor says they are happy for you to sign contracts and any queries have been addressed by the vendors it should be fairly plain sailing...best of luck!

Thanks again Killers1..Yeah i sent email to solicitor at lunch there (what did we do before smartphones) just to see if everything is A Ok with contracts, title etc. Hopefully will all work out.. thanks for your help

No problem at all, hopefully your solicitor comes back to say all is in order! The contracts usually specify a preferred closing date but if both parties are willing and able this date be brought forward. Any other queries feel free to ask...

Sala · 27-03-2012 10:41am

I am hoping to join the First Time Buyers 2012 club!!

Have my eye on a house, perfect location, perfect house, not so perfect price! There is an offer in of 21% below asking. We can go up to 15% under asking so here's hoping. Getting all the paper work in to the bank asap. So all things going well I'll get it by the summer, otherwise it'll be a case of sit and wait for the next one that fits the bill

nemo32 · 27-03-2012 11:23am

Sala wrote: »

I am hoping to join the First Time Buyers 2012 club!!

Have my eye on a house, perfect location, perfect house, not so perfect price! There is an offer in of 21% below asking. We can go up to 15% under asking so here's hoping. Getting all the paper work in to the bank asap. So all things going well I'll get it by the summer, otherwise it'll be a case of sit and wait for the next one that fits the bill

Fingers crossed all goes well Sala and you'll be in the gang. If it's meant for you it won't pass you by

nemo32 · 27-03-2012 11:25am

Hi All,

Can anyone tell me if I need to wait for the electricity to be turned back on in the property before I get the survey done? Will he even check the heating and electricity?
Thanks in advance

Afehogan · 27-03-2012 7:10pm

I'm getting all the necessary paperwork together at the moment for mortgage application. Applying in a bank that I don't have an account in so trying to get statements together. I get a yearly statement so is it acceptable to print off the statements from online banking rather than be charged a crazy fee for bank of Ireland statements!

helbelle · 27-03-2012 7:10pm

hi there. first time posting on this and need some advice ASAP please.i have a deposit down on a property and things are in progress with the solictors. I am a first time buyer. My dad has worked in construction for 40 years and i appreciate and am guided by his advice. Instead of getting a quantity surveyor to survey the property my dad and myself saw the property again today, looked at everything including the attic.There is a small crack in the ceiling upstairs which extends from the bedroom out to the landing. My dad says it is only cosmetic and he will be able to repair it.He said it will be time consuming however as it is a stippled ceiling and the whole ceiling will need to be repaired and i should make this known to the vendors so that i can get a reduction. Should i get a quantity surveyor to review the property and does anyone know how much they cost?

killers1 · 27-03-2012 8:57pm

helbelle wrote: »

hi there. first time posting on this and need some advice ASAP please.i have a deposit down on a property and things are in progress with the solictors. I am a first time buyer. My dad has worked in construction for 40 years and i appreciate and am guided by his advice. Instead of getting a quantity surveyor to survey the property my dad and myself saw the property again today, looked at everything including the attic.There is a small crack in the ceiling upstairs which extends from the bedroom out to the landing. My dad says it is only cosmetic and he will be able to repair it.He said it will be time consuming however as it is a stippled ceiling and the whole ceiling will need to be repaired and i should make this known to the vendors so that i can get a reduction. Should i get a quantity surveyor to review the property and does anyone know how much they cost?

I think you should get a survey done particularly if its going to be costly to repair & you intend to use this issue as a tool to renegotiate the purchase price. The vendor & estate agent will pay more attention to a detailed survey from a suitably qualified professional as opposed to a note from Dad. A survey will cost around €300 incl VAT. Make sure you use a reputable firm though as there are a lot of cowboys out there...

killers1 · 27-03-2012 9:17pm

Afehogan wrote: »

I'm getting all the necessary paperwork together at the moment for mortgage application. Applying in a bank that I don't have an account in so trying to get statements together. I get a yearly statement so is it acceptable to print off the statements from online banking rather than be charged a crazy fee for bank of Ireland statements!

BOI's internet statements won't be accepted unfortunately...

killers1 · 27-03-2012 9:19pm

nemo32 wrote: »

Hi All,

Can anyone tell me if I need to wait for the electricity to be turned back on in the property before I get the survey done? Will he even check the heating and electricity?
Thanks in advance

Surveyors will usually check the electricity & heating or at the least will recommend in their report that your solicitor requests a service history of the boiler or if there's not one available that owners pay for service prior to completion. You don't need to wait to have the survey done but should make sure you/surveyor gain access to the property again prior to closing to ensure they are working properly..

blueturnip · 27-03-2012 9:22pm

I sent off my MIP application last week to the bank. How long will it take for them to give me an answer?

Do they send out a letter or do they ring?

I am going with AIB.

killers1 · 27-03-2012 9:26pm

blueturnip wrote: »

I sent off my MIP application last week to the bank. How long will it take for them to give me an answer?

Do they send out a letter or do they ring?

I am going with AIB.

They are taking around 2 weeks...if you applied directly not sure how they respond to you, probably in writing. You can always ring them 9/10 days after you sent it in to see if there is a decision back if you're anxious to hear as soon as possible..

blueturnip · 27-03-2012 9:39pm

killers1 wrote: »

They are taking around 2 weeks...if you applied directly not sure how they respond to you, probably in writing. You can always ring them 9/10 days after you sent it in to see if there is a decision back if you're anxious to hear as soon as possible..

Thanks Killers!!

I'm not sure I am anxious, it will make it all real!

Just curious as to normal time frames.

killers1 · 27-03-2012 9:45pm

blueturnip wrote: »

Thanks Killers!!

I'm not sure I am anxious, it will make it all real! Just curious as to normal time frames.

I'm sure you'll be fine! Best of luck!:)

helbelle · 27-03-2012 10:24pm

thanks Killers, i appreciate your speedy reply. can anyone recommend a reputable and trustworthy surveyor?

killers1 · 27-03-2012 10:27pm

helbelle wrote: »

thanks Killers, i appreciate your speedy reply. can anyone recommend a reputable and trustworthy surveyor?

Where's the property?

nemo32 · 28-03-2012 10:59am

killers1 wrote: »

Surveyors will usually check the electricity & heating or at the least will recommend in their report that your solicitor requests a service history of the boiler or if there's not one available that owners pay for service prior to completion. You don't need to wait to have the survey done but should make sure you/surveyor gain access to the property again prior to closing to ensure they are working properly..

Thanks Killers, The seller has agreed we can get the boiler serviced but we can't get that done until the electricity is back on and we just got the reci cert done so it probably won't be until next week before it goes back on so I am worried it will run into May at this stage before we get the keys. The closing date is April 20th so maybe I should go ahead with the survey and then check the heating before closing. We haven't signed the contracts yet but they have been ready for 2 weeks. How long after we sign the contracts do we get the keys normally?

killers1 · 28-03-2012 12:59pm

nemo32 wrote: »

killers1 wrote: »

Surveyors will usually check the electricity & heating or at the least will recommend in their report that your solicitor requests a service history of the boiler or if there's not one available that owners pay for service prior to completion. You don't need to wait to have the survey done but should make sure you/surveyor gain access to the property again prior to closing to ensure they are working properly..

Thanks Killers, The seller has agreed we can get the boiler serviced but we can't get that done until the electricity is back on and we just got the reci cert done so it probably won't be until next week before it goes back on so I am worried it will run into May at this stage before we get the keys. The closing date is April 20th so maybe I should go ahead with the survey and then check the heating before closing. We haven't signed the contracts yet but they have been ready for 2 weeks. How long after we sign the contracts do we get the keys normally?

There's no hard and fast rule as to the timeframe but I'd still say 20th April is more than achievable. Push ahead with your survey ASAP and then get the contracts signed after that and you should still be on target to close as planned so long as it doesn't take forever to have the electricity turned back on! Get all your non-legal conditions satisfied at this stage too...

sillyruby · 28-03-2012 1:00pm

looking for some advice put in offer for house (very low knew it would be rejected!) they asked us if we could do any better so we upped our offer by 5000. We have sat it out nearly a week and EA got back to us saying that basically they seller is saying he cant sell the house for anything less than15,000 more than we offered. We can go up to this price and its still 30,000 below asking price but would like some advice?

The house itself is in a great location for us, 2,700sq feet and could move into straight away very little work to be done on it.

killers1 · 28-03-2012 1:06pm

sillyruby wrote: »

looking for some advice put in offer for house (very low knew it would be rejected!) they asked us if we could do any better so we upped our offer by 5000. We have sat it out nearly a week and EA got back to us saying that basically they seller is saying he cant sell the house for anything less than15,000 more than we offered. We can go up to this price and its still 30,000 below asking price but would like some advice?

The house itself is in a great location for us, 2,700sq feet and could move into straight away very little work to be done on it.

It really boils down to how much you want the house? At €30k less than the asking price is it a comparable price to similar properties recently sold in the area? Could be a case that vendor has to clear a mortgage and can't take less than amount outstanding? You could hold off in the hope there are no other offers, seller may panic and accept yours or you can decide €30k less than the asking price is a reasonable amount to pay and go for it! If you do match the figure they want and then they come back to say they got a higher offer be prepared to walk away... No right or wrong here just a question of what you feel it's worth and how much you're willing to pay...

pawnacide · 28-03-2012 1:35pm

sillyruby wrote: »

looking for some advice put in offer for house (very low knew it would be rejected!) they asked us if we could do any better so we upped our offer by 5000. We have sat it out nearly a week and EA got back to us saying that basically they seller is saying he cant sell the house for anything less than15,000 more than we offered. We can go up to this price and its still 30,000 below asking price but would like some advice?

The house itself is in a great location for us, 2,700sq feet and could move into straight away very little work to be done on it.

You need to set a max price in your head and don't go above it .. no matter what happens. This way if you dont get the house you won't be annoyed or think you could have played it differently. I think it's a bit soon for you to meet their counter, try splitting the difference between your last offer and their counter first. For some reason making the point that you're willing to split the difference often works so don't just offer it without pointing out that you are splitting the difference.

Eg: Your last offer 100k , their counter 115k .. try 107,500.

sillyruby · 28-03-2012 2:21pm

would be willing to go up to what they are asking, just trying to figure out how to play it. It was previously been sale agreed and fallen through so they are pretty anxious to sell at the same time. To give figures the asking is 270,000, they are saying they can't go below 240,000 its a 5 bedroom/ 3 bathroom, garage, on the wicklow wexford border on an acre site only build 6 years ago landscaped garden etc.

pawnacide · 28-03-2012 2:31pm

I would still try to split the difference first, you can always go to the 240k as soon as they say no.

sillyruby · 28-03-2012 2:40pm

Thanks a millions for the advice yea think will will try that first:D

killers1 · 28-03-2012 2:52pm

sillyruby wrote: »

Thanks a millions for the advice yea think will will try that first:D

Be sure to emphasise that you need to beg steal and borrow to get to that level! Tell them your wife was in floods of tears as she thought you won't be able to buy the house and then your parents came in and offered all their savings to enable you to buy at €230k or whatever level below €240k you decide... Best of luck!

nemo32 · 30-03-2012 11:39am

killers1 wrote: »

There's no hard and fast rule as to the timeframe but I'd still say 20th April is more than achievable. Push ahead with your survey ASAP and then get the contracts signed after that and you should still be on target to close as planned so long as it doesn't take forever to have the electricity turned back on! Get all your non-legal conditions satisfied at this stage too...

Thanks again killers, Reci Cert has been sent in so the electricity should be back on next week. So I will try and book the surveryor for next week aswell. Have all my life insurance and house insurance done now. Is there anything else I am missing?

killers1 · 30-03-2012 11:46am

nemo32 wrote: »

killers1 wrote: »

There's no hard and fast rule as to the timeframe but I'd still say 20th April is more than achievable. Push ahead with your survey ASAP and then get the contracts signed after that and you should still be on target to close as planned so long as it doesn't take forever to have the electricity turned back on! Get all your non-legal conditions satisfied at this stage too...

Thanks again killers, Reci Cert has been sent in so the electricity should be back on next week. So I will try and book the surveryor for next week aswell. Have all my life insurance and house insurance done now. Is there anything else I am missing?

Only other general conditions would be to sign a DD mandate & your ID & Address Verification but you've probably done these already. Seems like it's just a satisfactory survey and you're good to go!

Verte11 · 30-03-2012 9:36pm

Hey Killers thanks a million for your advice on this one. It worked. I sent in a letter from surveyor along with the letter you messaged to me and I've got the cost of the repairs removed from the loan condition. I can now draw down the full amount. If it wasn't for your advice I'd be putting in 3k of my own money to buy the house.:)

killers1 wrote: »

The more I think about it the more I think you should fight your battle with BOI to give you the €144k. At the end of the day the valuer (their valuer!) has valued the current market value of the property @ €160k and the value on completion of the repairs at the same figure. So, there should be no reason for BOI to reduce your loan amount as the loan to value is still 90% & within their policy. I can see where they are coming from but they lose a huge part of the argument by the Valuer not having noted a lower value on the property before the works are done. Get a letter from your Structural Surveyor confirming the works are not essential and then raise the issue that the Bank's valuer has confirmed that the property is suitable security for the loan and that it's current value (in it's current condition) is €160k. They don't have an issue with giving you €144k as you've already had a loan offer at that amount so you just need to convince them as outlined above and using the actual val report & surveyors letter to prove your case...

Verte11 · 30-03-2012 9:47pm

Fridge and washing machine not included in sale nor are what looks like 'Sliderobes' wardrobes( I assume they are free standing if they are not included in sale, even though they look like they're fitted) How much would you pay in negotiating these items with a seller? I'd say the washing machine and fridge could be 7 years old.

CleverUsername · 02-04-2012 10:28am

Hi All,

I was hoping someone could give me a bit of advice re the following application:

I'm married & in public sector job earning €41K. Husband earns just over €30k but this work will be finishing up in the next couple of months and looking for new job.

We have no loans and €40k saved (€200 per week for the last 4 years!) for deposit. No outsanding cc balance either (did have occaisionally but cleared totally since jan and determined not to use unless I can pay it off immediately)

We have been paying rent of €900 per month for the last 5 years (relevant for affordability?)

We're interested in a doer-upper which we should hopefully be able to buy for €200K.

Because my husbands job is uncertain should/could I apply as a single applicant?

We also have 1 dependent (not sure if this has any implication).

Thanks

killers1 · 02-04-2012 10:40am

CleverUsername wrote: »

Hi All,

I was hoping someone could give me a bit of advice re the following application:

I'm married & in public sector job earning €41K. Husband earns just over €30k but this work will be finishing up in the next couple of months and looking for new job.

We have no loans and €40k saved (€200 per week for the last 4 years!) for deposit. No outsanding cc balance either (did have occaisionally but cleared totally since jan and determined not to use unless I can pay it off immediately)

We have been paying rent of €900 per month for the last 5 years (relevant for affordability?)

We're interested in a doer-upper which we should hopefully be able to buy for €200K.

Because my husbands job is uncertain should/could I apply as a single applicant?

We also have 1 dependent (not sure if this has any implication).

Thanks

Hi there,
As you are buying a family home and are married, the bank's will insist that you are both party to the mortgage and the title of the property so not possible to apply in your sole name. If it's a case that your husband is out of work when you apply the banks will only base the application on your sole income. Your best bet is to apply for approval while there are still 2 incomes in place. You have an excellent proven repayment capacity based on your rent and savings and have proven that repayments on €200k are affordable. However, this i based on 2 incomes so the banks may take a different view if you wait until your husband is finished up work...The fact that you have 1 dependent is also a factor as the banks will want to see that you have sufficient funds left over each month after the payment of all loans to cost living expenses of a 3 person family...

Afehogan · 03-04-2012 7:35pm

Going into the bank tomorrow to look for approval in principle. Have all the paperwork ready but was wondering how long will it be before they give me approval? Is it an instant thing or will it take a week or two?

Verte11 · 03-04-2012 7:52pm

Maybe I'm wrong i think it was a week.I needed to provide a few more things than I thought I had to but it depends on individual circumstances. They kept coming back to me for x,y and z and asking me to clarify things. Hope thats of use

killers1 · 03-04-2012 10:35pm

Afehogan wrote: »

Going into the bank tomorrow to look for approval in principle. Have all the paperwork ready but was wondering how long will it be before they give me approval? Is it an instant thing or will it take a week or two?

It depends on the bank, they should be able to give you an idea of what your salary qualifies you to borrow tomorrow. By the time your application is underwritten and a formal approval in principle issues will take approx 10 working days but again it depends on the bank!

Yeboah · 04-04-2012 8:17am

We have everything ready to go now, we are just still waiting on the vendors solcitors to send title and contracts. A little bit worrying as this is how the last house was going also and then we found out it was in serious breach of planning and building regulations. However, did my own research last night on my County Council website and see that all planning was approved so maybe they are just trying to track down the title and thats the only issue....the waiting game is a pain though. Would like to be in for the start of the summer.

Verte11 · 04-04-2012 1:02pm

Hi Yeboah I know how you feel I'm at pretty much the same stage now. Contracts are in but part of deed has not been sent by vendors solicitors. Maybe they forgot to send it but now paranoid that it's lost or something. I'd love to be in for start of summer too. Fingers crossed. What happened with your last house?

folan · 04-04-2012 1:09pm

Im going to look at the first couple of houses this evening. Have AIP, just need to find a place now.

What should I be looking out for? even the obvious stuff, cause im likely to forget.

size of rooms for family in future, quality of rooms, whats included (any furnishings etc), what needs to be done (can I ask if this will be fixed before sale?)

Any other suggestions?

Cheers

Yeboah · 04-04-2012 1:22pm

Verte11 wrote: »

Hi Yeboah I know how you feel I'm at pretty much the same stage now. Contracts are in but part of deed has not been sent by vendors solicitors. Maybe they forgot to send it but now paranoid that it's lost or something. I'd love to be in for start of summer too. Fingers crossed. What happened with your last house?

Basically long story short there was no planning for the second story of house and the ceiling heights?stairs etc were no way fitting with building regulations so an exemption wasnt possible...We found out that vendor and estate agent knew about the problem and never did anything about it but hoped we would overlook it, lucky my solicitor picked it up. It was only when we were pulling out that they decided to lower price but we were just sick of it at that stage and walked away. Im pretty sure theres no problems with current house, just wanna get it sorted now. Pressure was all on me for a few weeks to get approval, deposit etc. and now its me and my fiance thats waiting around for this to be sorted. Like yourself just hoping the title has been misplaced somewhere and will be with solicitors soon..Ill wait till Tuesday to contact solicitor again and ask whats the story. Will keep ya posted

killers1 · 04-04-2012 1:25pm

folan wrote: »

Im going to look at the first couple of houses this evening. Have AIP, just need to find a place now.

What should I be looking out for? even the obvious stuff, cause im likely to forget.

size of rooms for family in future, quality of rooms, whats included (any furnishings etc), what needs to be done (can I ask if this will be fixed before sale?)

Any other suggestions?

Cheers

Have a read of this before you go...,

http://www.propertytoolbox.co.nz/the_house_hunt.php#viewing

killers1 · 04-04-2012 1:28pm

Yeboah wrote: »

Basically long story short there was no planning for the second story of house and the ceiling heights?stairs etc were no way fitting with building regulations so an exemption wasnt possible...We found out that vendor and estate agent knew about the problem and never did anything about it but hoped we would overlook it, lucky my solicitor picked it up. It was only when we were pulling out that they decided to lower price but we were just sick of it at that stage and walked away. Im pretty sure theres no problems with current house, just wanna get it sorted now. Pressure was all on me for a few weeks to get approval, deposit etc. and now its me and my fiance thats waiting around for this to be sorted. Like yourself just hoping the title has been misplaced somewhere and will be with solicitors soon..Ill wait till Tuesday to contact solicitor again and ask whats the story. Will keep ya posted

Keep the pressure on your solicitor to regularly contact the vendors solicitor for an update. It's not an unusual situation and probably just a case of the title deeds are in the process of being taken up from the vendors lender.

Verte11 · 04-04-2012 1:31pm

Yeboah good luck with it. I'll do that Killers. Oh yeah killers did you say before on this thread there is a way of working out what your mortgage interest relief will be each month?

killers1 · 04-04-2012 1:39pm

Verte11 wrote: »

Yeboah good luck with it. I'll do that Killers. Oh yeah killers did you say before on this thread there is a way of working out what your mortgage interest relief will be each month?

Multiply your loan amount by the rate, multiply the answer by 25% & divide by 12.... so yours will be in and around €115pm...

Verte11 · 04-04-2012 3:03pm

Is the rate the variable at 3.75 or the APR 3.8?

Buying a house 2012

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