“How long does the process take?” This is a question I am frequently asked by a purchaser or seller of a property. And the answer is-yes, you have guessed it-it depends. Let me explain. Let’s assume I am acting for the purchaser of a second hand property. The first thing that must happen is the … Read more
AIB granted a loan to Richard Finbarr Fitzgerald and the parties entered into a mortgage contract. The 1995 mortgage, registered in the Registry of Deeds, was secured on a flat in Dublin 4 and the bank now sought an order for possession. However, there was a problem. Fitzgerald had gone bankrupt in January 2020 but … Read more
If you are buying or selling a house now there’s a good chance you’ll be part of a chain. Do you understand what this means? Or how frustrating it can be? Let me explain. Let’s say you are a first time buyer and you come across the perfect property. You get your finance approval, succeed … Read more
When conveyancing, solicitors nowadays will use a standard contract for sale, first introduced in 1976 by the Law Society of Ireland. The introduction of this standard contract was intended to eliminate the need for individual solicitors to draft their own contracts and sought to give a fair balance of rights between buyer and seller. The … Read more
Are you thinking about buying or selling a residential property? If you have ever wondered why the purchase or sale of a house in Ireland appears to take ‘so long’, this piece will set out the steps in a residential conveyance and give you a good overview for a better understanding. What is Conveyancing? Conveyancing … Read more