Hi all, just wondering has anyone been in a situation whereby BOI are insisting on homebond on a house that was built in 2005. It's been empty until now but the house itself was built in 2005. They are insisting on homebond in order to finalise the mortgage? Any suggestions?
Thanks in advance
Seems odd since Homebond used to only offer cover for serious structural defects for c. 10 years so its relevance to a 2005 build would be well expired at this stage?
Agreed. I've no idea why they are so adamant. I've explained numerous times that the hosue does not have Homebond. Never did. And even if it had it would be long expired. Nightmare with BOI since we applied for mortgage so this is just another in a long line of ridiculous requests
Hello Everyone, I am in the final stage of new house purchase and all the documents have been submitted by me and my solicitor to BOI mortgage team to withdraw the mortgage money from bank. We are just waiting on one document from our builder which is Homebond/Structural Defect insurance (10...
Thanks I've had a look at that thread. I'm unsure from reading it if it relates to new builds or older houses. The house im buying was built circa 2005.. It simply cannot have Homebond. But they keep insisting on it. I'm awaiting an email from them tomorrow which I can then take to my solicitor to get some advice. Its the only thing holding up my drawdown now