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  1. J

    Redemption Figure

    Hi Star10 The condition that you refer to in the contract for sale/transfer order applies to the scenario where the AF house is sold for less than original market value BUT greater than original sale price. Your current scenario is where the house is valued at less than the original market...
  2. J

    clawback and will

    Hi Tina4, Do you have (from Land Registry) a copy of the folio that establishes that you are the registered owner of property? It may be useful to when making a will.
  3. J

    rate increase -> 2.75%

    Hi all, Today I recieved a letter from council informing me of the new rate of 2.75%(excl mortgage protection) on my housing loan. Has anyone else received a similar notice? I am surprised as I expected the rate to remain at 2.5% until the ECB raised its rate. (In the past the rate used to...
  4. J

    Commercial Mortgage

    Hi I enquired last January with BOI about an investment mortgage on a residental property. They looked for a 30% deposit and offered an interest rate of 4.35%
  5. J

    Government is looking at changing the legislation regarding AH clawback.

    Re: Government is looking at changing the legislation regarding the clawback. My reason for remortgaging was to lower the overall cost of my payments. My existing home loan with Cork country is not good value when you consider the cost of the obligatory insurance(0.6%). A simpler insurance...
  6. J

    AH & investing in property

    Hi, I am an affordable home owner. I am not in negative equity but the LTV is still quite high 80%. I have significant savings, a large disposable income and relatively secure employment. Will the banks advance me a second mortgage in order to buy an investment property? Does anyone have...
  7. J

    Mortgage protection for an affordable house

    Re: Mortagage protection for an affordable house Hi SunnyH, Is your AF home mortgage from county council or through one of banks that work with AF scheme?
  8. J

    Mortgage protection for an affordable house

    Re: Mortagage protection for an affordable house Hi I received a letter from Cork County Council last week. It informs me that the new rate of mortgage protection insurance on my affordable house is 0.5615% effective from Jan 1 2009. Further down in the letter it says "New borrowers who have...
  9. J

    fixed rate

    Hi all, One of the reasons for relatively expensive mortgage repayments with council housing loans is there mortgage protection. This amounts to 0.598% in addition to the interest rate on mortgage.
  10. J

    Government is looking at changing the legislation regarding AH clawback.

    Re: Government is looking at changing the legislation regarding the clawback. Hi all, I am keen to remortgage(or more precisely change my mortgage protection) and so would like to see this legislation passed through asap. If emailing someone would help it along, please let me know. Also...
  11. J

    pension levy & insecure public service jobs

    Hi, I am currently employed in a research organisation attached to a third level institute and I am member of its DB scheme. My contract is for an indefinite period but conditioned on availablility of research grants and industry revenue. I recieved no pay increase this January despite...
  12. J

    Government is looking at changing the legislation regarding AH clawback.

    Re: Government is looking at changing the legislation regarding the clawback. Does anyone know if this bill is scheduled for the current Dail session? or do we have to wait until next Autumn....
  13. J

    Selling affordable house at a loss?

    Re: Selling affordable house at a loss??? The conditions on my contract are that the house cannot be rented out WITHOUT the permission of council. Renting out for a period may be useful to you before fully committing to a your move abroad and sale of house.
  14. J

    Mortgage protection insurance in SO

    I do not know the answer to your question but I am sure a new scheme will be obligatory and continue to offer poor value for money for most individuals(i.e a one size fit all package takes no account is taken of a persons age, health etc and we all pay the same ~0.5% on top of mortgage rate)...
  15. J

    Council Mortgage?

    see link http://www.askaboutmoney.com/showthread.php?t=79994
  16. J

    Council Mortgage?

    My advice comes from having a mortgage with Cork County Council. The rate on my local authority loan is good - at the moment it is 5.25%. However the good value is diminished by the obligatory mortgage insurance of ~0.6% raising the overall rate to ~6.35%. I was told that I cannot change my...
  17. J

    Government is looking at changing the legislation regarding AH clawback.

    Re: Government is looking at changing the legislation regarding the clawback. The new legislation aims to facilitate a remortage "without triggering clawback". Clawback will only now have to be payed in event of sale of house within 20 years.
  18. J

    Government is looking at changing the legislation regarding AH clawback.

    Re: Government is looking at changing the legislation regarding the clawback. How long will it take for this bill to pass through Oireachtas and come into force?
  19. J

    Government is looking at changing the legislation regarding AH clawback.

    Re: Min fr Housing is looking at changing the legislation regarding the clawback. As I said, I haven't seen any detail yet but I imagine that that the terms of your original purchase contract will apply - the clawback will expire after 20 years and you will be the sole benefical owner. Yes, I...
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