Looking for that group that was set up re AH

D

Dinkey

Guest
Hi
I saw a post on here recently about a group of you who have set u a committee to deal with the AH problems getting remortgages without clawback. Can anybody point me in the right direction please?

thanks

Dinks
 
Hi all heres some info. We were set up because of some problems with the clawback. When we signed you could only take your loan with councils and we were told you could remortgage after a year what we were not told is would have to "buy out"
1. The legislation clearly states that you cannot sell you afforbale home within the 20 years without paying the clawback. We totals agree with this.
2. Its says nothing about remortgage, you cannot change provider wiyhout triggering the clawback.
3 For some this would not be a huge problem but for some with a high clawback ( our 63%) this is a problem. So means you will be stuck with the same provider for the term of the mortgage
4. You cannot chose your own mortgage protection provider, this is the case with DCC i dnt know about the banks.
5. You cannot release equity in your home or top.
6.There are no provisions in place for change in family circumstances, ie, family breackup, expanding family. Some in appartments are already overcrowded.
7. If the motgagee dies within the 20 years the mortgage dies but the clawback carries on untill the 20 years are up. So lets say your a single perent with teenage kids the clawback passes onto them.
8. An older couple with a short mortgage because of age, lets say 11 years will have 9 years left of the clawback.

We have had verious meeting with John Gormley and had loads of promises in the begining, and even though he only lives down the road is saying now his hands are tied. In his last letter he advised us to seek legal advice as he can do no more. HTH Tina
 
We are aware the Minister Gormley is changing the legislation. We have known this since last year and as this was one of the top issues at the time and he had spoken to us before he had put it in we are glad something is finaly starting to change. But its no good for people in apartments who are overcrowded and the other issues.
 
Hi Tina

Thanks for the information. I emailed my local MP Roisin Shorthall last week and I got this email back this morning;



Thanks for your e-mail. I imagine you are referring to the Housing Miscellaneous Provisions Bill which was recently passed by the Seanad. I just need to check the provisions of the Bill. I am making some investigations and hope to have an answer for you next week.


Róisín.
 
No problem, it wouldn't hurt for everyone to get on to their local tds. What i have recommended to some people is to set up a group in their own areas like ours. And then ask for meetings with John Gormley and your tds. I would gladly help, and provide documents and letters i have.
the issues are the same for all affordable housing no matter were you live. So if there are groups like ours getting onto their reps and the same issues are raised maybe they will start listening. For anyone who has issues that i have not mentioned i would be grateful if they could add them on this post.
 
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