the lady from fingal told me that theres a provision in law for affordable housing that you cannot lose money on them, so the clawback would be adjusted at the time of sale if the sale price was lower than the market value given by fingal, if this is the case then are we not in a better position than most buyers as we are always guaranteed at least our deposit back? Also from reading other posts it seems to be the case that the banks valuation generally comes in lower? I stand to be corrected on all this!!
Had a gawk on the fingal website in the planning section and from what i could see online so far there isnt any applications in for the land on front of block 5 and 6, well so far! The hospital is all low buildings so if they do build hopefully theyll stay low,but the huge trees in our area block any view there would be of it.Has anyone looked at the plans for the area in fingal co council? Just a thought, as there is a lot of land around the hospital it might be worth knowing if anything else is due to be built!
But if you wanted to sell in 8 years time and only got back what you put in you'd be making a bit of a loss really - inflation would have risen and therefore the house price should have risen too.
Council should be lowering clawback and making clear provisions in contracts for negative equirty protection.
We'll all be in the same position in 8 yrs time...if prices continue to rise we'll all make a profit
... not if you've been over valued by 55k... prices would have to rise at least that much before you make any profit...
beginning to wish I'd chosen a different apt in Erris - your valuations might be closer to the mark. I hope they are, good to see it working for people.
helix
I called fingal today and i was told that there are still some of the two beds remaining. did you only want a three bed?
Thats brilliant..it seems to be moving so quick! Great news about the snag..ive heard from a few people they were good quality so hopefully all our snags will be the same!!I went up to erris sq to have a look around last night, the first people in block 6 have moved in, met them and they seem really nice! They said their snag only had ten items on it and the guy that was doing it said he's never had that little! block 6 looks nearly finished, block 5 looks a bit behind but not by much!
If you go into any branch they should print them off and stamp them for you, thats what i did as i didnt want to rely on them getting posted.Hi all!
Just hope I have all my bank statements in time...we all know what the banks are like!
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