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11-09-2019, 22:20   #16
Darc19
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Originally Posted by ismisecraic View Post
As in hold tight and then sell to just upgrade.
We have talked that 70 claw back would be more than enough to do lots of work in a house.
Only thing is I will be early 40s looking at a mortgage with a bank
Nothing wrong with that.

You'll also have a nice lump sum to go towards a purchase.

You can have a mortgage for whatever term you wish. I'm mid fifties and sold in Cork last year and about to buy in Kildare.

I'm taking a 10 year mortgage. Fixed for the 10 years too. It's less than 30% of the house cost, but bank was happy to give it without any trouble

You're in a good position. Possibly ask a financial advisor for the best option
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11-09-2019, 22:24   #17
XsApollo
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Originally Posted by ted1 View Post
The councils let you do it
Yes as I said , the clawback won’t be decreasing if you do.

If Its done without informing them is what I meant.
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11-09-2019, 22:28   #18
ismisecraic
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Originally Posted by XsApollo View Post
Yes as I said , the clawback won’t be decreasing if you do.

If Its done without informing them is what I meant.
If I held on to it it'd be for 7 years when the claw back would expire anyways.

Fairly sure it's widespread that these units are rented out with little to no repercussions. Councils understand that ppl bought and now have families and have to upsize
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