Hi everybody,
Me and my partner exchanged contracts with builder for a 2bed apartment for Dublin 13 in November 2006. Late in 2007 my partner lost the job and the mortgage was cancelled. We then went to our solicitor and told him that we will not be able to go ahead as my partner has lost a job and the mortgage has cancelled.
The builders then issued a completion notice to us and they are now charging interest on the remaining amount as we cannot close. On the other hand we went to different banks, but now looking at the current market situation, no bank is giving 100% mortgage on 2 bed apartment...with one person in job.
At this stage we do not mind loosing the deposit...but our solicitor is saying that the builder will take us to court...
Does anybody has the same experience, any advice or suggestion in this regards is very welcome....
Please help us...
Thanks
Me and my partner exchanged contracts with builder for a 2bed apartment for Dublin 13 in November 2006. Late in 2007 my partner lost the job and the mortgage was cancelled. We then went to our solicitor and told him that we will not be able to go ahead as my partner has lost a job and the mortgage has cancelled.
The builders then issued a completion notice to us and they are now charging interest on the remaining amount as we cannot close. On the other hand we went to different banks, but now looking at the current market situation, no bank is giving 100% mortgage on 2 bed apartment...with one person in job.
At this stage we do not mind loosing the deposit...but our solicitor is saying that the builder will take us to court...
Does anybody has the same experience, any advice or suggestion in this regards is very welcome....
Please help us...
Thanks