Hi Brendan,
I wonder where the completed sales have come from?
http://dail.ie/parliament/mediazone...rch/20housessoldundernewmortgagetorentscheme/
I think it's in the 10's rather than 100's at the moment but I have read in numerous places that some have been completed.
It is a lengthy process with a huge amount of moving parts. The main stake holders are myself, the bank, the Housing Association, the Housing Agency and the Local Authority and in speaking to the people involved there seems to be a huge increase in demand.
In my own situation I foresee 3 possible stumbling blocks.
1, Will the Housing Association be willing to buy my house in its current state of repair?
2, Will the Housing Associations offer be acceptable for the bank?
3, Will the Official Assingee in my bankruptcy accept that the house if being sold through the MTR scheme?
I have been told that something that catches some people out is the rising property values. You could be accepted for the scheme but by the time the deal gets close to closing the property price has breached the threshold. No fear of this in my case as the most recent valuation by the bank was around €80K