Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

House mortgage

  • 04-04-2018 3:52pm
    #1
    ianm1234
    Registered Users, Registered Users 2 Posts: 29 ✭


    Hopefully someone here on boards can help me, not sure where to post this
    So I've just gone sale agreed on my first house it's in need of renovation, it's a long term project!
    Anyway previous owner past away and his daughter is selling it and there is a mortgage of €8,000 left so my question is do I pay that (I can't afford it without a loan) or is it law that she finishes off the mortgage when she receives the money from the sale?!


Comments

  • #2
    BryanF
    Moderators, Home & Garden Moderators Posts: 10,146 Mod ✭✭✭✭BryanF


    you buy the house, the vendor pays off whatever is owed! How do you even know what the mortgage is?


  • #3
    ianm1234
    Registered Users, Registered Users 2 Posts: 29 ✭ianm1234


    BryanF wrote: »
    you buy the house, the vendor pays off whatever is owed! How do you even know what the mortgage is?

    My solicitor told me they did research on the property but I forgot to ask if the seller had to pay it off or me it wasn't explained very well she was in a hurry or something so thanks for info


  • #4
    justagirl
    Registered Users, Registered Users 2 Posts: 565 ✭✭✭justagirl


    ianm1234 wrote: »
    My solicitor told me they did research on the property but I forgot to ask if the seller had to pay it off or me it wasn't explained very well she was in a hurry or something so thanks for info

    You are paying your solicitor to do the conveyancing (transfer of ownership etc ) on the house you are buying. So never, ever, feel you cannot ask them how the process works. It is your first house purchase so it is all new to you. If they are not helpful - get a new solicitor.

    Best of luck.


Advertisement