Have an affordable property, but buying a New House ??

[stonecoldk]

Which council?

Fingal cc, got it for €200k, have €190k left on mortgage. Clawback is 30% but am I right in saying:

- If its sold for €200k, no profit made so council gets €0 & I have €200k to pay off mortgage

- If its sold for €215k, council get €15k, I get remainder €200k

- If its sold for €180k, council get €0, I'm €10k negative equity

 

[Hanlonodavid]

Just sell it and move on. If only it was that easy. 2 years ago I had mine for sale for a year and a half. 3 viewings in a year and a half, not one offer and then they used the empty houses for social housing.