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Hello folks, Wondering if you could help me, we are building an extension soon and just looking for rough costs. i do not have plans drawn up yet for tender so if you could help me with a rough idea it would be really appreciated. The extension will be 2 story with kitchen/diner/utility...

No replies but probably not worded the best. Basically all I need to know is it possible to remortgage to build an extension while in neg equity? Has anyone been through the process?

Recently purchased a house and looks like we might have to extend sooner rather than the originally planned later. Looking for advice please: 1. Is it possible to re-mortgage to cover the cost of the extension? Extension will cost approx 60 to 70k. 2. Will I have to pay a deposit on the...

just been through the process myself with AIB and I had to give a full deposit on the loan amount. We were trading up by 10k. Another thing to watch out for is auctioneers fees. Normally they might get there fee from the positive equity on your house, but in neg equity you will be paying from...

Just thought I would give some feedback on the eventual outcome with a neg equity trade up mortgage. I eventually managed to sell and buy almost simultaneously, something even the bank were amazed at. Most of neg equity mortgages do not work out for a variety of reasons apparently, but mine did...

Currently in the process of selling my home and buying another. My current house is in neg equity, so we have got a neg equity mortgage from AIB. Just wondering how does the auctioneer usually get paid? does it come off the sale money, or do i usually pay direct from my own personal money?

Told seller to take it or leave it, and dont be wasting my time. Funily enough, al the requests were forgotten about...

Thanks for replies. My Auctioneer is due to speak to her later. I agreed to comply with some of the requests as a gesture of good will, but if she is not happy she can go and jump in that lake that I spoke about. I feel that if i complied with everything, she would just keep looking for more and...

My house went sale agreed 5 weeks ago. Contracts were issues 2 weeks ago, closing date in 2 days. At the last minute, the buyer has e mailed my auctioneer with a long list of requests. She asked my auctioneer to pass on the e mail, and if the requests are not complied she will go to her...

Thanks for that, exactly the info I was looking for.

Mortgage deposit is the 8% of the total purchase price, AIB lend 92%. What I am asking is, after contracts are signed - where does the booking deposit originally given to the auctioneer go? does this go towards the 8%, or is it given back to me?

Quick question on the above. What way does a booking deposit work. we are just sale agreed on a house we intend to purchase. mortgage requires 20k deposit booking deposit is 5k Do we get the 5k back after signing contracts? or does the 5k go towards the mortgage deposit i.e. we would then...

Brendan, your explanation is spot on. The Mortgage manager made the mistake, she thought that even if i draw down on the new mortgage, the 7 year period for the neg equity is treated seperatly. You are right, if i dont draw down the neg equity period is 7 years - if i do draw the neg equity is...

Well Folks, State of emergency here and looking for advice. I applied for the above with AIB. I have numerous communication e mails stating that the way it works is that that the neg equity is transferred to the new loan amount and carry on from there. I am cleared for the amount sought...

Thanks for that. Very frustrating in that I have a connection with the parish, but 0.4 km on the wrong side of the rural boundary. Might go back to the planner and see is there any possibility at all of reconsidering...

The FPP is in the site owners name. I would need to apply to get the planning in my name. There are restrictions in that you have to be from the area, or parents/granparents.

A site with FPP for a house has come up that might suit us. I spoke with the Auctioneer who tells me that the site is in the same parish that my granmother is from - first box ticked for applying. I met with the planner for the area who tells me straight out that there is no point in proceeding...

Thanks for advice, but I am not "investing" in a second property for financial gain or betting on rising prices, I have to move to another county due to personal circumstances and I am contemplating the best way to do this. Option 1: Try to sell current house, and hopefully the house we are...

Owe 300k on current mortgage, with house valued at 220k. 80 k neg equity. wife and i have combined income of 130k, 2 kids looking at purchasing another house, asking price 310k. we have savings to cover deposit and fees. approved for the 310k mortgage on selling our current house we are...

Thanks for that daithi. If anyone had a similar experience or more info please post. Thanks