Hanlonodavid
Registered User
- Messages
- 24
Bought my house for €169,000 in 2007. Pumped €40,000 into it. Market value now €92,000. €130,000 left on mortgage.
I have heard statements where people who bought affordable houses have some protection from negative equity. This makes me laugh as you can see it is far from the case.
The council will not let me rent. Because of the neighbours they put either side of my terraced house I have no hope of being able to sell it. They offered up the vacant houses for social housing or the treshold scheme. I have no problem with this if it was not for the fact that these people do not care for their houses and their houses look awful. I would not buy here if I was anyone else. If I was informed of the possibility that these houses were to be used for social housing I would have not bought the house.
The council do not care it seems so Im thinking of taking legal advice. My solution to council is to buy the house off me so I can move on, a house swap maybe, allow me to rent (I need permission to get a new mortgage) at the very least paint the houses so they look respectable.
It is soul destroying. The house is too small for my growing family, we have a modest income but are good savers. Im at my wits end. Any ideas or solutions?
So Im dealing with both negative equity and neighbours who will not look after their houses.
The fact I can't rent and cannot sell because of council drives me insane.
I have heard statements where people who bought affordable houses have some protection from negative equity. This makes me laugh as you can see it is far from the case.
The council will not let me rent. Because of the neighbours they put either side of my terraced house I have no hope of being able to sell it. They offered up the vacant houses for social housing or the treshold scheme. I have no problem with this if it was not for the fact that these people do not care for their houses and their houses look awful. I would not buy here if I was anyone else. If I was informed of the possibility that these houses were to be used for social housing I would have not bought the house.
The council do not care it seems so Im thinking of taking legal advice. My solution to council is to buy the house off me so I can move on, a house swap maybe, allow me to rent (I need permission to get a new mortgage) at the very least paint the houses so they look respectable.
It is soul destroying. The house is too small for my growing family, we have a modest income but are good savers. Im at my wits end. Any ideas or solutions?
So Im dealing with both negative equity and neighbours who will not look after their houses.
The fact I can't rent and cannot sell because of council drives me insane.