Currently buying/selling a house? How is it going? READ MOD NOTE POST #1

You can always break it. Your bank will have a calculator so you can figure out the breakage fee should interest rates decrease.

Got word today our snag list has been completed. Off to inspect ourselves at 2pm. Hopefully be getting the keys next week possibly!

Probate are tricky in my view. You don't know the exact date the probate goes through. How are you going to time it the same day as your sale? My guess is your house sale will go through faster than your buy. Your buyer will be keen to pay you and get in your house. But what if your probate buy is not gone through.

My 2 c. Perhaps other people can offer better thoughts.

I asked my vendor if 6.5% is ok on signing. This is all I had as disposable cash as you can’t hand teh 10% deposit you’re receiving onwards. Vendor was ok with it.

Just looking to see what people’s thoughts are on this.

1.theres detached (self build) 4 bed homes being built in my town €390k but to a builders finish and that’s to a good standard. It’s painted, has the doors, driveway is done, garden is seeded etc. we’d need to do the tiles, floors and kitchen. (Bathroom ware is included) the self build part is where we might get caught with the banks when reapplying for a mortgage

2. There’s 4 bed semi detached homes same sq footage as the detached in a neighbouring town for €395k but this house comes finished. But has a smaller area attached to it. No problem with mortgage here!

what would you do in this situation???

I’m especially with a lack of second hand homes that suit us! The above two would suit as they’re both 500sq feet bigger then what we have now and have the extra rooms etc!

Thanks, was thinking along those lines as well. It’s self build part that boggles the mind! The developers want it that way, I can’t understand why!

So after all our disaster over the past 7 months, we’ll be putting down a deposit on a new build 4 bed semi D 140sq m so 500sq feet bigger then what we have! Rose Hill Mallow! We’re still hoping something will come up that was similar to what we had been sale agreed on but that’s hopeful!

Anyone have info on breakage fee with PTSB or breakage fees in general ? I spoke with them in branch and they were useless , don’t understand how if u request a face to face appointment in branch and then you just get put on a phone when u go in there, could have just done that at home.

only 1 year on mortgage paid on a 5 year fixed and overall 30 year mortgage.

Fresh start is a local authority home loan feature, banks i've seen mention it are AIB, not too sure about BOI or PTSB,

"The Local Authority Home Loan is available to first-time buyers and ‘fresh start’ applicants. Fresh start applicants include:

• People who are divorced, separated, or whose relationship has ended and who have no financial interest in the family home
• People who have gone through personal insolvency or bankruptcy

Note: The Local Authority Home Loan cannot be used by fresh start applicants to buy their former partner’s share of their family home."

so get onto to your local authority and get the relevant information from them as each one can have different rules/conditions.

Hi I’m back again.

my wife and i were given a proposal from our purchasers (we officially haven’t pulled out) landlord over the past week. To sell our home to our purchasers and take over their lease whilst we look for a home or to buy that home it’s self.

it’s a fine house 2900sq feet only built in 2007. Needs cosmetic work and a leak fixed from a shower upstairs and you know yourself, might change some flooring, tiling, paint/ change units in the kitchen.

they bought it for €430k in 2007…..

offering to us at €410k as is!

what do people think?

we’d be in an excellent position to buy a house as we’d have the deposits etc ready and or save more to get the issues fixed in that house once purchased

Nothing at all wrong with it. Very well built. One of my friends is the tenant and is buying my house.

the owner moved to the US for work and won’t be coming back.

My wife has reservations about the rent part but I think it’s a great thing, your secure as the owner isn’t in a rush to sell and if something else comes up, the mortgage process is easy! No debt, loads of repayment capacity m, deposits ready etc.!