During 2006, I contacted a number of solicitors in a new west Dublin suburb to enquire about what sort of debts they saw buyers assuming when a property was being conveyed.
One said he had seen cases where a first-time buyer couple would take out a mortgage of, say, €300,000. Then, when the couple learned that the market value of their home had increased by a certain amount - let’s say 10 per cent - one...
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