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Not Homebond Registered and Mortgage

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  • 20-01-2017 6:41pm
    #1
    madmac187
    Registered Users Posts: 655 ✭✭✭


    Hey all, just a little bit frantic at the minute, I was wondering, I am about to do my first mortgage drawdown, until my solicitor asks me for home bond certificate. I do not have it registered and was never mentioned previously. It is part of the special conditions in the mortgage in hindsight. I am wondering is there a way to get around this for mortgage purposes?

    Any and all help is greatfuly appreciated.


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    #2
    L1011
    Registered Users Posts: 68,901 ✭✭✭✭L1011


    Is this a new build or second hand property?

    If a certificate cannot be produced for a recently build second hand property, expect the bank to revalue and you may find that their value is no longer high enough to lend you enough to buy.


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    #3
    Gumbo
    Moderators, Society & Culture Moderators Posts: 39,395 Mod ✭✭✭✭Gumbo


    You can join up to home bond after the fact once your chartered engineer signs off on the foundations (depending on where you are in the build).


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    #4
    madmac187
    Registered Users Posts: 655 ✭✭✭madmac187


    It's under the course of construction at the minute with precast in for first floor. I was looking at the other options of Global Homes Warranties, they cover from completion. Anyone experience of them?


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