Friday 9 December 2016

'Bank refused to let me sell my house. Now I have to slash price'

Donal Buckley

Published 25/08/2011 | 05:00

Jillian Godsil found a
buyer for her home
after posting on
YouTube
Jillian Godsil found a buyer for her home after posting on YouTube

A BANK stopped a mother of two from selling her home for €500,000 because they wanted a higher price so she could repay her debts.

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But the house has gone back on the market with a lower asking price of €450,000.

In April this year Jillian Godsil agreed to sell Raheengraney House near Shillelagh, Co Wicklow, for €500,000

But her lender, the Bank of Scotland (Ireland), demanded a higher selling price because she owes €900,000 on the house.

And as house prices continue to fall, Ms Godsil fears she will have to slash the price again if a buyer is not found soon.

Yesterday, the PR consultant told how she he found a buyer in May after posting a video of the two-acre property on YouTube.

Following the failed bid, the house is back on the market with an asking price of €450,000.

And despite her lender blocking the last sale, Ms Godsil is "hopeful" they will back her this time round.

"It is just a shame that after all the work done and finding a keen buyer, the bank refused to take the offer.

"The price has dropped again, maybe as much as by €50,000 or even more, so I remain hopeful that a new buyer will appear and this time, the bank will accept the offer," she said.

Ms Godsil and her then husband bought the house in 1999, which was later valued at €1.6m following modernisation work.

However, when her English banker husband, declared himself bankrupt, Ms Godsil was left with the weight of the huge mortgage of €900,000 even though they both owned the eight-bedroom house.

After Bank of Scotland (Ireland) withdrew from the Irish market, its loan recovery service is operated by Certus.

A spokesman refused to comment on Ms Godsil's situation. Ms Godsil said she cannot understand why the bank turned down the original bid when they knew she had no money.

She added: "The solicitor who did my affidavit of means refused to charge me as he could see I had nothing -- only debts.

"And then when I get a cash offer -- they (the bank) decide to refuse it and come after me instead. It's so unfair."

Meanwhile, Ms Godsil has launched a new website, thehousehunters.ie.

"Since I posted the video on You Tube, I was approached by many people to help them sell their own properties," she added.

Irish Independent

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