Major Complaints Thread (1 Viewer)

[magicbastarder]

i'm with PTSB for my current account, and their online presence is fine, but my mortgage is with AIB, and i had a comical conversation with someone in the mortgage securities department there a few years back.
i'd managed to get the direct number for them, which they seemed a little put out by - i was looking for copies of two documents relating to buying the freehold on the land our house is on (turns out *lots* of north dublin city is leasehold).
the chap i was talking to in AB was incredulous; he could not understand the concept of not owning the land your house is built on - he'd never heard of it. i had to explain it to him, and he works in the mortgage securities section in AIB...

 

[ann post]

Half back or full back?

 

[pete]

i'm with PTSB for my current account, and their online presence is fine, but my mortgage is with AIB, and i had a comical conversation with someone in the mortgage securities department there a few years back.
i'd managed to get the direct number for them, which they seemed a little put out by - i was looking for copies of two documents relating to buying the freehold on the land our house is on (turns out *lots* of north dublin city is leasehold).
the chap i was talking to in AB was incredulous; he could not understand the concept of not owning the land your house is built on - he'd never heard of it. i had to explain it to him, and he works in the mortgage securities section in AIB...

That’s actually shocking.

 

[JohnnyRaz]

i'm with PTSB for my current account, and their online presence is fine, but my mortgage is with AIB, and i had a comical conversation with someone in the mortgage securities department there a few years back.
i'd managed to get the direct number for them, which they seemed a little put out by - i was looking for copies of two documents relating to buying the freehold on the land our house is on (turns out *lots* of north dublin city is leasehold).
the chap i was talking to in AB was incredulous; he could not understand the concept of not owning the land your house is built on - he'd never heard of it. i had to explain it to him, and he works in the mortgage securities section in AIB...

didn't realise that that was commonplace in dublin beyond former corporation estates where the council held the ground rights. But I guess where you were was greenfields in the 40s/50s..
but still, that's pretty shocking he never heard of the concept.

 

[magicbastarder]

if you look up the PRAI site, you can see chunks of multiple houses on the same folio.
e.g. this pink section is all one folio AFAIK

 

[rettucs]

i'm with PTSB for my current account, and their online presence is fine, but my mortgage is with AIB, and i had a comical conversation with someone in the mortgage securities department there a few years back.
i'd managed to get the direct number for them, which they seemed a little put out by - i was looking for copies of two documents relating to buying the freehold on the land our house is on (turns out *lots* of north dublin city is leasehold).
the chap i was talking to in AB was incredulous; he could not understand the concept of not owning the land your house is built on - he'd never heard of it. i had to explain it to him, and he works in the mortgage securities section in AIB...

very common in Germany too. Friends of ours have to pay 5 grand a year rent for the land *their* house is on. They own the house but not the land. What's worse is that the land is privately owned. There must be protections in place against the landowner coming in looking for the land back to do something else with it. But its a very strange system.

 

[magicbastarder]

Ground rent here is nowhere near that, it's six quid a month for us I think. And about 700 years left on the lease. It starts getting complicated within about 25 years of the lease expiring, before that you can legally buy it out for about a grand.

 

[Reets]

A friend decided against buying a perfectly nice new build, because he only had the rights to the land it was built on for 1000 years.
That was Tipperary.

 

[Cornu Ammonis]

My father-in-law’s shop was a similar thing, he owned it but the land was a 700 year lease.

 

[seanc]

So who does own the land then?

 

[magicbastarder]

in my case, it's now a solicitor in the city centre who bought it off some english lad for all i know. they probably copped there were hundreds of properties where the ground rent hadn't been collected in years.

 

[ernesto]

What a stupid greedy system of maximising profits by splitting it like that

 

[magicbastarder]

very common in Germany too. Friends of ours have to pay 5 grand a year rent for the land *their* house is on. They own the house but not the land. What's worse is that the land is privately owned. There must be protections in place against the landowner coming in looking for the land back to do something else with it. But its a very strange system.

in theory here, you have to ask the landowner's permission to make any major changes to your house.

the government tried to abolish the whole system in the 70s but legally could not, so put in place the system where you can buy the ground rent out for about €1k; the seller has no choice in this, unless (AFAIK) there's less than 25 years left on the lease - the cost of the buyout becomes more expensive after that, and ratchets up the closer you get to the end date.

 

[JohnnyRaz]

What a stupid greedy system of maximising profits by splitting it like that

it's archaic - goes back to the days of towns/villages basically been in the ownership of a local aristocrat

 

[Deadmanposting]

That’s actually shocking.

Mental that he didn't know
Worrying that he'd admit it