Hi there,
We're in a position where we signed contracts for our house in Ireland two years ago and paid the 10% deposit.
Due to a dispute with the developer we have not drawn down the mortgage monies from our lender, legal proceedings pending.
We're now in the process of buying an investment property in Cologne.
This sale could go through within the next two weeks, probably before the difficulties with the developer are resolved.
Would we lose our first time buyer status in Ireland if we go ahead with the German property or is the signing of the contracts sufficient to guarantee us the status on the Irish property?
Thanks for your help, much appreciated!