Lola Evans
Registered User
- Messages
- 1
I have looked everywhere I can think of online and I can't find the answer to this question.
I bought an affordable house 5 years ago. There is a chance that I could be gifted some money from abroad to clear the loan (and only for that purpose) so that the house is mine - no more mortgage payments (I am struggling badly why this has been suggested after I was made redundant). The bank said in theory I could walk in tomorrow with the amount, say for example €200,000, but they have no idea about the council's role in it. My mortgage is with the bank obviously.
I wouldn't be selling it - the clawback is 22% for 20yrs - but would the council prevent me from clearing the loan and force me to pay the clawback fee?
I'm waiting to hear from the council but they seem very reluctant to take my calls. The person will gift the money for the amount on the loan but will not entertain paying the clawback fee. I have no savings at all since I lost my job.
Any advice on what to do? I'm really lost and on my own on this and would appreciate any help!
I bought an affordable house 5 years ago. There is a chance that I could be gifted some money from abroad to clear the loan (and only for that purpose) so that the house is mine - no more mortgage payments (I am struggling badly why this has been suggested after I was made redundant). The bank said in theory I could walk in tomorrow with the amount, say for example €200,000, but they have no idea about the council's role in it. My mortgage is with the bank obviously.
I wouldn't be selling it - the clawback is 22% for 20yrs - but would the council prevent me from clearing the loan and force me to pay the clawback fee?
I'm waiting to hear from the council but they seem very reluctant to take my calls. The person will gift the money for the amount on the loan but will not entertain paying the clawback fee. I have no savings at all since I lost my job.
Any advice on what to do? I'm really lost and on my own on this and would appreciate any help!