Jburly1975
Registered User
- Messages
- 4
I think they would.
Worst case scenario, you could try talking to Revenue if your grandfather passes away.
Are your parents still alive (and specifically your parent who’s your grandfather’s son or daughter)?
Does your grandfather have other relatives?
And do you know whether his Will confirms what he has verbalised?
If I understand you right you are about to inherit a house which needs a lot of repair, but is worth €750k, which you plan to live in alone.
If this house is in Dublin, it is large and in one of the most fashionable neighbourhoods. If it is outside Dublin it is very large.
Are you sure it would be the best use of your wealth?
You could sell and buy a nice house mortgage free for €500k pretty much anywhere in Ireland.
You should be fine.I’m at a loss to that as it’s not a standard mortgage application and know banks are much tighter now since the crash.
Gordon thank you very much for the reply, both parents still alive but they are old themselves, I have seen my grandads will and he has named me as sole beneficiary and executor will states property to be left to myself, no other grandchildren.
I’m just really worried as it’s not a straightforward mortgage app and if they say sorry don’t want to go near that I’m screwed with revenue as it’s a huge bill, the only thing i see in my favour is that the property would be worth well above the mortgage amount so good ltv but would they take that into account?
The house is in Dublin,I hear your points and they are valid however I spent my younger years here and promised my grandfather that it would not be sold,I have a partner and we plan to have a family so it will be fuller eventually all going well.
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