My Local Council will allow Affordable Housing applications etc. from other than Seperated persons etc. Sadly am currently seperating & trying to find out more am at an awful loss as to what to do or where to go for advice.
If I was expected to put the proceeds of the sale or buy/out of my home - say €140/150K of own money into an affordable home - then do the clawback clauses remain the same if I were to sell within 20 years.
On face value it would seem unfair to have to pay the council back the difference if I put in 75% of the house value - seems like I would be financing most of the clawback. I do appreciate of course that you are getting a home at a great discount & may never wish to leave anyway, being in the area all my life.
The alternative is of course to use every penny I have got, struggle to get a mortgage on my own etc. so I may have no option - but maybe it would be best to struggle?
Has anyone esle been in the same boat?
If I was expected to put the proceeds of the sale or buy/out of my home - say €140/150K of own money into an affordable home - then do the clawback clauses remain the same if I were to sell within 20 years.
On face value it would seem unfair to have to pay the council back the difference if I put in 75% of the house value - seems like I would be financing most of the clawback. I do appreciate of course that you are getting a home at a great discount & may never wish to leave anyway, being in the area all my life.
The alternative is of course to use every penny I have got, struggle to get a mortgage on my own etc. so I may have no option - but maybe it would be best to struggle?
Has anyone esle been in the same boat?