C
ConfusedGal
Guest
Hi
I have recently accepted a 2 bed house from Kildare Co Co under the affordable initiative scheme. Absolutely delighted with the house & the location.
The problem that I have is that the Market Value that the council have put on the property is 375k compared to the 320K on valuation report from my lender. This means that the clawback will be 29% rather than 16%... given the current market I'm apprehensive in continuing with the purchase with such a large difference in valuations & Clawback...
Has anyone else out experiences such problems and have you been able to resolve them with the council?? My solicitor has been trying to sort this out for over 2 months but doesn't seem to be able to get an answer...
thanks for your help
I have recently accepted a 2 bed house from Kildare Co Co under the affordable initiative scheme. Absolutely delighted with the house & the location.
The problem that I have is that the Market Value that the council have put on the property is 375k compared to the 320K on valuation report from my lender. This means that the clawback will be 29% rather than 16%... given the current market I'm apprehensive in continuing with the purchase with such a large difference in valuations & Clawback...
Has anyone else out experiences such problems and have you been able to resolve them with the council?? My solicitor has been trying to sort this out for over 2 months but doesn't seem to be able to get an answer...
thanks for your help