Amazing 10K Cash Back Offer......

Just saw this one in Donabate…if you buy, you get 10K of your own money back…Wow!

daft.ie/searchsale.daft?id=551251

Sale gimmicks are soooo 2008.

This could be interpreted as attempting to circumvent LTV ratios.

  1. House is worth 90k.
  2. Buy house for 100k
  3. Get 90% mortgage for 90k based on the 100k “price”
  4. Get 10k back from seller

Now you have an 90k mortgage on a 90k house (100%)

That could be seen by the bank as fraudulent.