This week has seen unprecedented Supreme Court action that has unleashed all kinds of mayhem on an internal level, not to mention the consequences this has had on the financial sector. Over the past few years we have seen thousands of court cases revolving around the financial sector and their methods when it comes to granting mortgages. The primary issue was in relation to the infamous Floor Clause inserted in mortgage agreements (in many cases without advising the mortgage holder!) but a Supreme Court ruling in favour of mortgage holders obligated banks to reimburse any benefits obtained which could be a few thousand euros per case. The secondary issue and the one this article referrs to has to do with reclaiming the Stamp Duty paid on the Mortgage Deed.
Scenario: You go on holiday and enjoy seven fun-filled days with your family and return home with the usual feelings of renewed interest in life mixed with dread as you know you have to go back to work the following day. You open the front door and begin to wheel your suitcase in but to your surprise, somebody else is now living in YOUR home! Congratulations, you now have an Okupa!
