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Fingal affordable housing help?

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2

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    #32
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    Moonbeam wrote:
    As far as I know you will need a regular income for 6 months.

    Savings don't matter to much when it comes to getting a mortgage.
    < Would not be my experience as someone who has lent for mortgages for many years:) The Fingal scheme requires proof of an ability to save/or evidence of paying rent to show that the cash flow is already there to service the mortgage, so the ability to save is important>

    Remember there are 2 affordable houseing schemes,one of them the affordaable housing initative has no waiting list

    .< can u elaborate on how that actually works please for the benefit of the other readers, Thanks>

    In terms of the question asked by Gary the Great , apply as the processing time is such that you will have more "cred"


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    #33
    Posy
    Moderators, Recreation & Hobbies Moderators Posts: 27,565 Mod ✭✭✭✭Posy


    Is the affordable housing initative the Flemington houses in balbriggan?


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    #34
    dublin15
    Closed Accounts Posts: 48 ✭dublin15


    Can anybody who has viewed or gotten an affordable property, tell us what they're like? Do they need much work or are they well finished?? How does the council contact you for viewings??:rolleyes: :confused:


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    #35
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    i have viewed 2, an apt and a house.

    Both are finished to a high standard in terms of the work but there is no paint/floor covering/ kitch appliances/ lampshades/curtains etc.

    In the apt, I noticed that it was all electric, as were all the affordable units in the block, all the rest were gas CH:confused:

    The house was the same as the others in the estate. Th back garden was not in bad condition

    they write u re viewing and then u fix a time by fone.

    Hope this helps


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    #36
    Posy
    Moderators, Recreation & Hobbies Moderators Posts: 27,565 Mod ✭✭✭✭Posy


    Where was the house you viewed?
    Since i have a family and pets, an apartment wouldn't really suit me but from what I can see there's a lot more apartments than houses being built so I'm interested in anywhere with actual houses! ;)


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    #37
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    The development was in Rush, it was a while ago, access from the old Dublin Road beyond the turn off for the Balleally dump.
    If I can remember the name will edit this later.
    One problem was that the estate was in the hands of a management company:( :( rather than Fingal and as it had a mix of apts and houses it could have been a mess, however the people ahead of us on the list took it so ..


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    #38
    dublin15
    Closed Accounts Posts: 48 ✭dublin15


    ircoha wrote:
    i have viewed 2, an apt and a house.

    Both are finished to a high standard in terms of the work but there is no paint/floor covering/ kitch appliances/ lampshades/curtains etc.

    Hope this helps


    How long after you were approved did you get your 1st viewing? How long between both offers?:) What was the price range if you dont mind me asking??


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    #39
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    dublin15 wrote:
    How long after you were approved did you get your 1st viewing? How long between both offers?:) What was the price range if you dont mind me asking??

    About 2 months after approval and about a month apart after that, the second one was May, nothing since.

    about 300k gross in both cases so about 150k to buy. maybe 290/145 for the apt and 305/155 for house


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    #40
    dublin15
    Closed Accounts Posts: 48 ✭dublin15


    Did you just not decide to take them?:rolleyes:


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    #41
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    dublin15 wrote:
    Did you just not decide to take them?:rolleyes:

    The apt yes, the house one of the people on the list ahead of us took it.:(


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    #42
    dublin15
    Closed Accounts Posts: 48 ✭dublin15


    did they say how much of a deposit you'd need?


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    #43
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    dublin15 wrote:
    did they say how much of a deposit you'd need?

    Am sorry, I dont recall exactly but I thought is was about 9/10k on top of the 2k deposit that FCC required to be in a bank deposit.

    As it wasnt "happening" I have forgotten the detail.

    If I can find the paperwork will edit:)


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    #44
    dublin15
    Closed Accounts Posts: 48 ✭dublin15


    We heard that your provisional loan approval amount can increase up to 185K before final approval.:confused: .
    Can anyone confirm that this is true??


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    #45
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    Dont know but am very concerned about the apparent slowdown in offering properties, nothing since May.
    It looks to me that they are under political instruction to hold back until nearer the election so I think it time to contact your local politian to see wtf is happening.


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    #46
    Posy
    Moderators, Recreation & Hobbies Moderators Posts: 27,565 Mod ✭✭✭✭Posy


    Well, as I said already; I've been on the list since FEBRUARY and haven't even VIEWED a property yet. P****d off is right! :mad:


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    #47
    the_batman
    Closed Accounts Posts: 114 ✭✭the_batman


    I was listening to the radio last night (Lite FM around midnight) and they were running a story about affordable housing. It was recommending that all first time buyers, if they are eligible, should apply. It stated that there was a stigma associated with "Affordable" housing and that people were confusing it with social housing. The fact that it is refered to as "Social and Affordable Housing" could be the root cause of this.

    Anyway, it said that there will be over 1,000 affordable housing becoming available in the next three months. I think the person who was speaking was from the Affordable Housing Partnership.


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    #48
    dublin15
    Closed Accounts Posts: 48 ✭dublin15


    Really??Thats good.Depends on your place on the list though and how manys on it.Did they say were they were?????/:D


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    #49
    the_batman
    Closed Accounts Posts: 114 ✭✭the_batman


    dublin15 wrote:
    Really??Thats good.Depends on your place on the list though and how manys on it.Did they say were they were?????/:D

    It didn't mention any locations, but I would expect a high percentage of them to be in Fingal and South Dublin.


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    #50
    dublin15
    Closed Accounts Posts: 48 ✭dublin15


    Just a matter of waiting then i suppose.Are you on the list long???


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    #51
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    the_batman wrote:
    I was listening to the radio last night (Lite FM around midnight) and they were running a story about affordable housing. It was recommending that all first time buyers, if they are eligible, should apply. It stated that there was a stigma associated with "Affordable" housing and that people were confusing it with social housing. The fact that it is refered to as "Social and Affordable Housing" could be the root cause of this.

    Anyway, it said that there will be over 1,000 affordable housing becoming available in the next three months. I think the person who was speaking was from the Affordable Housing Partnership.

    Is there a link to a web/pod cast?


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    #52
    the_batman
    Closed Accounts Posts: 114 ✭✭the_batman


    dublin15 wrote:
    Just a matter of waiting then i suppose.Are you on the list long???
    I am not on the list. I was in the car with a friend who is on the list. She has been on the list since February / March.


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    #53
    the_batman
    Closed Accounts Posts: 114 ✭✭the_batman


    ircoha wrote:
    Is there a link to a web/pod cast?
    I couldn't find one. The lite fm website is under construction. I searched for INN (Independent Network News) but their site is also under construction.


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    #54
    dublin15
    Closed Accounts Posts: 48 ✭dublin15


    Batman has your friend had even 1 offer yet??


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    #55
    the_batman
    Closed Accounts Posts: 114 ✭✭the_batman


    dublin15 wrote:
    Batman has your friend had even 1 offer yet??
    No, no viewings yet.


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    #56
    Drapper
    Registered Users Posts: 3,812 ✭✭✭Drapper


    lads there is a few people on http://www.askaboutmoney.com/forumdisplay.php?f=2
    who have been offered recenlty in Fingal, so there is Affordable Homes being released regularly!


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    #57
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    Drapper wrote:
    lads there is a few people on http://www.askaboutmoney.com/forumdisplay.php?f=2
    who have been offered recenlty in Fingal, so there is Affordable Homes being released regularly!


    No wishing to rain on anyone's party, havong looked at the link provided it seems to me that there have been a flurry of loan approvals.

    As my hearing is not the best, if anyone can shed more light on the thorny issue of offers, as opposed to loan approvals I would be much obliged.

    Loan approvals is one thing, being offered a house: Sin sceil eile.


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    #58
    Moonbeam
    Moderators, Education Moderators, Society & Culture Moderators Posts: 18,953 Mod ✭✭✭✭Moonbeam


    your loan can only be approved on a house so I reckon anyone with loan approval has a house offer already:)


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    #59
    jdivision
    Registered Users Posts: 4,260 ✭✭✭jdivision


    Sometimes Fingal sends out letters to everybody if a scheme is ready to go, even if you've stated it's an area you're not interested in. That probably happened the poster from Blanchardstown: re the place in Balbriggan. Fingal releases schemes regularly but some units are kept for people from the area (very unfair I think) and that may be why you haven't been contacted. It also depends whether you've limited yourself to certain areas. If you're only interested in Howth/Malahide/Sutton you're going to be waiting a long time because most developers would prefer to pay a contribution to the council rather than provide affordable units there. As for the poster who was worried about the private management company, all affordable housing purchasers in private developments (ie almost everything provided for under affordable housing) will have a private management company and Fingal will not be involved. By the way SSIA contributions count towards your savings record. The usual lending criteria is five times your income if you're a single purchaser. The deposit can vary depending on what the council believes is fair. It can be anything between 3 and 5 per cent in cases I saw.


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    #60
    dublin15
    Closed Accounts Posts: 48 ✭dublin15


    Has anyone been offered any properties in blanchardstown?:)


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    #61
    Drapper
    Registered Users Posts: 3,812 ✭✭✭Drapper


    front page irish times should be good news for D15 applicants!


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