Hi Folks
Been reading here a while now but not sure if these questions have been posted up before. I've applied for the Affordable Housing in the Dun Laoghaire and like some of the applicants on here was interviewed last week. Was just talking to someone about it this evening and they were telling me some things that sounded worrying. Just wanted to see if anyone else had heard the same?
1. Say I purchase an affordable home and live there for a number of years. Down the line I decide to purchase another property for investment purposes to rent out. I have been told that because I have bought an affordable home it stops me from ever buying another property again - is this correct?
2. Does the fact that I may be buying an affordable home have an impact on my Credit Rating? Will I have a worse off Credit Rating in the future because I have an affordable home?
I heard some things along these lines this evening which would be worrying to be honest if true.
Is there anyone out there who went through the Affordable process that would have anything negative to say about it? I understand the clawback and that I can never change mortgage provider or release the equity in my home but is there anything else? I understand all the pro's but theres not that much out there about the cons. Any feedback would be greatly appreciated.
Thanks a million
Been reading here a while now but not sure if these questions have been posted up before. I've applied for the Affordable Housing in the Dun Laoghaire and like some of the applicants on here was interviewed last week. Was just talking to someone about it this evening and they were telling me some things that sounded worrying. Just wanted to see if anyone else had heard the same?
1. Say I purchase an affordable home and live there for a number of years. Down the line I decide to purchase another property for investment purposes to rent out. I have been told that because I have bought an affordable home it stops me from ever buying another property again - is this correct?
2. Does the fact that I may be buying an affordable home have an impact on my Credit Rating? Will I have a worse off Credit Rating in the future because I have an affordable home?
I heard some things along these lines this evening which would be worrying to be honest if true.
Is there anyone out there who went through the Affordable process that would have anything negative to say about it? I understand the clawback and that I can never change mortgage provider or release the equity in my home but is there anything else? I understand all the pro's but theres not that much out there about the cons. Any feedback would be greatly appreciated.
Thanks a million