Affordable Housing with Fingal Co Co

Re: Affordable Housing with Fingal

miss.s said:
Hi All
Ive been a silent observiour of this site for a while and i have to say that all your posts have been a great source of info re;the affordable housing trying to get any info out of fingal is like trying to get blood out of a stone as im sure you are all aware of , I just have 1 question how many bank statements do you need for your final loan approval will the last 3 months do

thanks a million
miss.s
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techincally, they can request that you show you have maintained the required savings but as long as you have the cash to show, the last few months should be fine - best of luck with the finals
 
Re: Affordable Housing with Fingal

Cheeus said:
Not all affordable homes are overvalued. Some in Erris Square are though.
Council should be lowering clawback and making clear provisions in contracts for negative equirty protection.
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Just got my valuation back..its €25k lower than the market price. Not fantastic but still better than others ive heard of.
 
Re: Affordable Housing with Fingal

swordshead said:
Just got my valuation back..its €25k lower than the market price. Not fantastic but still better than others ive heard of.
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Not too bad - good luck with everything, it will be a nice place to live.
 
Re: Affordable Housing with Fingal

swordshead said:
Just got my valuation back..its €25k lower than the market price. Not fantastic but still better than others ive heard of.
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so are you going to write to the council regarding their price? - to buy a property and take on 25k in negative equity seems madness - no matter how anyone tries to spin it
 
Re: Affordable Housing with Fingal

cmb. said:
so are you going to write to the council regarding their price? - to buy a property and take on 25k in negative equity seems madness - no matter how anyone tries to spin it
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If you are planning on staying somewhere a bit overvalued for a good view years a smallish overvaluation might not impact too much. I agree though, if people don't get on to AHP/Fingal about valuations then they will never be accountable and the purchase will pay the price. I sent in my revaluation request over a week ago - still waiting for a reply. There is no way I will proceed with my purchase if the 55k over valuation doesn't change.
 
Re: Affordable Housing with Fingal

Yeah I have noticed an influx of incorrect prices on properties throughout the country as I deal with valuations/mtgs daily, prices change & some valuers are in the business of dressing up a valuation for a bit more €€,
 
Re: Affordable Housing with Fingal

I've been offered a property to view next week - the selling price is €160K - can anyone advise if they have bought recently how much deposit they were asked for
It does say minimum of €8K but I anticipate it will be a lot more than that.
I would appreciate feedback
Thanks !
 
Re: Affordable Housing with Fingal

MartelloOffered a viewing - Just wondering IF I get one how much I should anticipate having to put down !
 
Re: Affordable Housing with Fingal

I think it depends on how much they loan approved you for.. then you check the difference between the actual price and the loan approval.. but I could be wrong. Best of luck! :D
 
Re: Affordable Housing with Fingal

As far as I remember the loan approval for was for something silly like 130K but subject to more at final approval
All so confusing !
thanks
 
Re: Affordable Housing with Fingal

can you actually do Shared ownership on Aff H Init?? If so that would be a huge help
 
Re: Affordable Housing with Fingal

oilpainting said:
They Must Have Many Different Places To Suit Everyones Budget,good To Know-we Are From The Howth Sutton Baldoyle Area,and Relly Wanted The Local Area....... Alot Of My Friends Are In Their 30s-with Established Jobs-not Speeking For Myself Who Is Job Hunting At The Mo-and It Would Be A Long Time Before I Would Have A Consistant Salary To Even Apply......but My Advice Is If There Is Something You Really Really Like -push For It,i Would Be Patient And Kind To Them As I Think They Can Decide Your Fate.....i Dont Think They Would Like The Shared Ownership Option To Be Spread Around,but I Think Thats What This Forum Is For-inside Information!..... And If They Are Offering You A Place They Are Thinking You Can Afford It Other Wise They Wouldnt Offer It-
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I don't agree with your logic. Firstly, I personally don't agree a total stranger can tell me what I can afford. If I can be paying €1000 for the past 3 years to my landlord in rent, who are they to tell me I can't pay €900 (after morgage relief) for my very own property? The problem most people have is with the deposits required to purchase these preperties. Secondly, Just because FCC thinks the property in space is what I can afford does not mean I would like to live there. Only me really know what will soothe me and if I'm going to be happy there.
 
Re: Affordable Housing with Fingal

Hey Z750,

The booking deposit is 3K, however the deposit is a minimum of 3% of the purchase price. The maximum mortage you can get for AHI is 97%, you have to make the rest up yourself as a deposit. (this is for the affordable housing initiative).

Eims
 
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