Proof Of Funds
House / Site Larmer Property are delighted to bring to the market this superb 0.71 Acre Residential Site for sale at Tandrageebane, Ballybay Road, Monaghan, Co. Monaghan. Alternatively the new owner may decide to keep the existing property on the residence, and instead renovate this derelict property. We can now confirm that there are new grants available to the value of EUR70,000 to renovate existing property in need of substantial repair. This property fall well within those guidelines. The property is located just off the Ballybay road, and only 1.5 Kms from Monaghan town and all local amenities. The site can be seen from the main Ballybay road and faces onto it. This superb site is ready to go with Full Planning Permission not due to expire until September 2025. The planning is for a detached two storey residence with a detached garage. The residence on completion will extend to 225 Sq.Mtrs / 2,423 Sq.Ft. Contact the office today 04774333 to make further enquiries.
Accommodation in brief of new build Ground Floor: Porch, Hallway, Kitchen / Dining, Living Room, Lounge, Study, Utility, Guest W.c., Lobby. First Floor: Bedroom 1 (En-Suite & Wardrobe), Bedroom 2, Bedroom 3, Bedroom 4, Bathroom & Hot-press.
Superb Residential site / house with stunning views Full Planning for a Two Storey Residence with detached garage Planning expires 24/09/2025 Site size: 0.71 Acres / 0.2872 Hectares Forms part of folio No. MN3495 Total floor area 225 Sq.Mtrs / 2,423 Sq.Ft. 1.5 Kms Monaghan Town and amenities Local Needs applies Private Well on-site or you can connect to Corcaghan group water scheme Electricity on-site Broadband available Telephone available
Take the Ballybay road out of Monaghan. Take the first road to the right just after Tommy Martin Fuels, and the site is on the left. There is a derelict house on the site at present.
Proof Of Funds
Before we can take and offer on a property, we need to have had sight of proof of funds. This is simply, as the term suggests, proof that the buyer has the financial means to complete the transaction at the amount of his/her offer. There are a number of means by which someone can finance the purchase of a transaction and equally a number of methods by which proof of funds can be conveyed to an agent. Examples of Proof of Funds: Cash + Mortgage Approval from a Financial Institution (mortgage buyers): This is the most common proof of funds for those financing a transaction partly with cash and partly with a mortgage. To prove a cash balance, a bank statement or screenshot of same will be acceptable. Alternatively an email from a bank official confirming that a sufficient bank balance is in place is acceptable. To prove that a mortgage is in place, we require a letter of offer or approval in principle from the lending institution. The combined amount of the cash and mortgage approval will need to be at least the amount of your offer on the property. Cash in Bank (cash buyers) We require a bank statement(s) in your name with cash balance(s) equal to or in excess of your offer amount. Alternatively a letter from your bank or solicitor confirming a cash balance of at least your offer amount is also acceptable. Selling an Existing Property Very often, a buyer will be financing the purchase of a property through the sale of an existing property. From a vendor’s point of view, it is a little bit risky to accept an offer that is subject to the sale of another property - this is referred to as being in a chain and if for any reason the sale of that property falls through, the offer then no longer holds any water. If trying to use the sale of an existing property as proof of funds, an email from the selling estate agent as to the offers currently on that property will give some comfort to a vendor and is probably the best thing to do in this situation.
Date created: Mar 9, 2023