In the middle of buying a house.
My solicitor has informed me through the vendor solicitors of outstanding unpaid ground rent totaling €336.51. Ground rent is €12.70 annually. I might have been paid half yearly. I have a copy of the letter from the land security company.
By my calculations that 26.5 years where no payment has been paid.
The vendors solicitors advise "this firm is of the opinion that the landlord was only entitled to claim for 6 years ground rent as this was a contractual basis. In this case it would be €72.60 and not €336.51 as claimed".
"The vendors are prepared to make an allowance against the purchase price."
I want to get this sale complete before year end. If I agree to the above, would I need to get new Offer Letter, revised life cover quote, new valuation report for such a trivial amount?
I am dealing with BOI and so frustrated with them. I provide them with the documents thinking everything is fine and then there is another issue and another and then another, the list goes on.
Can I proceed with it as it stands, I'll pay the 6 years outstanding and get a cheque from the vendors to cover what I pay?
With only 3 full weeks to go before x-mas, I am under pressure.
I don't care when I get the keys as long as the mortgage account has been set up with the first payment made before year end.
My solicitor has informed me through the vendor solicitors of outstanding unpaid ground rent totaling €336.51. Ground rent is €12.70 annually. I might have been paid half yearly. I have a copy of the letter from the land security company.
By my calculations that 26.5 years where no payment has been paid.
The vendors solicitors advise "this firm is of the opinion that the landlord was only entitled to claim for 6 years ground rent as this was a contractual basis. In this case it would be €72.60 and not €336.51 as claimed".
"The vendors are prepared to make an allowance against the purchase price."
I want to get this sale complete before year end. If I agree to the above, would I need to get new Offer Letter, revised life cover quote, new valuation report for such a trivial amount?
I am dealing with BOI and so frustrated with them. I provide them with the documents thinking everything is fine and then there is another issue and another and then another, the list goes on.
Can I proceed with it as it stands, I'll pay the 6 years outstanding and get a cheque from the vendors to cover what I pay?
With only 3 full weeks to go before x-mas, I am under pressure.
I don't care when I get the keys as long as the mortgage account has been set up with the first payment made before year end.