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Buying a house 2012

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Comments

  • #1622
    SuzieQCork
    Registered Users Posts: 35 ✭SuzieQCork


    killers1 wrote: »
    What bank are you getting your mortgage from?

    AIB....


  • #1623
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    SuzieQCork wrote: »
    AIB....

    I presume all your non-legal conditions have been satisfied i.e life cover, home ins & DD mandate? AIB said that yesterday was the last day they were accepting docs for cheque issue before Christmas although talking to them today they are still hoping to get funds out on cases where docs arrive today/tomorrow. In order for your funds to issue your new solicitor needs to submit the loan offer acceptance, solicitors undertaking and cheque req. All AIB's docs have a bar code specific to the account number so your solicitor will need to receive the new loan pack before being able to send in the loan offer acceptance once you've signed it. Unless you can get these docs signed and returned tomorrow it's very doubtful your mortgage will issue on time. You'll need someone in AIB who has some clout to be able to push this on for you to give you any chance..


  • #1624
    irbx
    Registered Users Posts: 100 ✭✭irbx


    Hi Guys

    when onto the revenue website to claim for mortgage interest relief. I have a split rate moratage with aib which means i have two accounts numbers and the revenue site will allow only one account number.

    Can i get mortgage interest relief on both accounts or just one?

    I am first time buyer.

    thanks for the help


  • #1625
    SuzieQCork
    Registered Users Posts: 35 ✭SuzieQCork


    killers1 wrote: »

    I presume all your non-legal conditions have been satisfied i.e life cover, home ins & DD mandate? AIB said that yesterday was the last day they were accepting docs for cheque issue before Christmas although talking to them today they are still hoping to get funds out on cases where docs arrive today/tomorrow. In order for your funds to issue your new solicitor needs to submit the loan offer acceptance, solicitors undertaking and cheque req. All AIB's docs have a bar code specific to the account number so your solicitor will need to receive the new loan pack before being able to send in the loan offer acceptance once you've signed it. Unless you can get these docs signed and returned tomorrow it's very doubtful your mortgage will issue on time. You'll need someone in AIB who has some clout to be able to push this on for you to give you any chance..
    Yeah everything else is sorted. We're just waiting for the new loan pack and right contract stuff. Maybe we will get lucky and they will arrive tomorrow! Fingers crossed


  • #1626
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    irbx wrote: »
    Hi Guys

    when onto the revenue website to claim for mortgage interest relief. I have a split rate moratage with aib which means i have two accounts numbers and the revenue site will allow only one account number.

    Can i get mortgage interest relief on both accounts or just one?

    I am first time buyer.

    thanks for the help

    Yes, no problem at all. You can claim interest relief on the full mortgage amount. Contact AIB for the 12 digit a/c no and apply using that. Just put the total amount borrowed in as the figure under the one account number...


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  • #1627
    irbx
    Registered Users Posts: 100 ✭✭irbx


    killers1 wrote: »
    Yes, no problem at all. You can claim interest relief on the full mortgage amount. Contact AIB for the 12 digit a/c no and apply using that. Just put the total amount borrowed in as the figure under the one account number...

    thank you killers


  • #1628
    Thanos
    Registered Users Posts: 1,389 ✭✭✭Thanos


    Need a little bit of info, am about to close on the house today, money is in my solicitors account and he will be closing this afternoon, so keys today or tomorrow with a bit of luck.

    What do i do not to claim MIR? I know I should have looked into this more but I did not think we would close in Dec.

    So I guess I need to know what item or numbers do I need and who do I need to give them to?

    Thanks in advance


  • #1629
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    Thanos wrote: »
    Need a little bit of info, am about to close on the house today, money is in my solicitors account and he will be closing this afternoon, so keys today or tomorrow with a bit of luck.

    What do i do not to claim MIR? I know I should have looked into this more but I did not think we would close in Dec.

    So I guess I need to know what item or numbers do I need and who do I need to give them to?

    Thanks in advance

    You apply for TRS here;

    https://www.ros.ie/trs/claim.html?execution=e1s1

    If you borrowed from AIB, ring their Accounts Dept on 1890252008 and ask them for the 12 digit account number needed to apply for TRS. You'll also need your PPS number and complete the date of first repayment as 01/13 (date/Mth Format). You don't need to know the actual date of first repayment. Everything else on the application form is standard personal details. If you mortgage is in joint names and you are married you complete 1 form jointly, if you are unmarried you each complete the form separately.


  • #1630
    Thanos
    Registered Users Posts: 1,389 ✭✭✭Thanos


    killers1 wrote: »
    You apply for TRS here;

    https://www.ros.ie/trs/claim.html?execution=e1s1

    If you borrowed from AIB, ring their Accounts Dept on 1890252008 and ask them for the 12 digit account number needed to apply for TRS. You'll also need your PPS number and complete the date of first repayment as 01/13 (date/Mth Format). You don't need to know the actual date of first repayment. Everything else on the application form is standard personal details. If you mortgage is in joint names and you are married you complete 1 form jointly, if you are unmarried you each complete the form separately.

    Thank you Killers1, just what I needed (and thanks for the quick response).


  • #1631
    thehamo
    Registered Users Posts: 2,048 ✭✭✭thehamo


    Gahhhh this house buyin lark is annoying!!!! Check was with the Sol on monday still waiting on it to clear to get the keys!!! Was meant to be tuesday but looking like it wont even be this week


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  • #1632
    orlaanne
    Closed Accounts Posts: 110 ✭✭orlaanne


    Killers any idea how long it usually takes Revenue to process the MIR claims? (god knows how long I'll be waiting with Christmas and the backlog that's probably building up!)

    And also if our first repayment was in Dec 2012 but we won't get the relief until 2013 how does it work for the 2012 payment? Do I have to fill in another form to get it backdated?


  • #1633
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    thehamo wrote: »
    Gahhhh this house buyin lark is annoying!!!! Check was with the Sol on monday still waiting on it to clear to get the keys!!! Was meant to be tuesday but looking like it wont even be this week

    It'll take 5 working days to clear... Your solicitor should have checked with the vendors solicitor to see if they would accept the mortgage cheque endorsed over to them.. In most case this would be acceptable.


  • #1634
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    orlaanne wrote: »
    Killers any idea how long it usually takes Revenue to process the MIR claims? (god knows how long I'll be waiting with Christmas and the backlog that's probably building up!)

    And also if our first repayment was in Dec 2012 but we won't get the relief until 2013 how does it work for the 2012 payment? Do I have to fill in another form to get it backdated?


    It doesn't matter when you submit your TRS application as it is backdated to when the mortgage issued. Revenue can take anything up to 2/3 months to inform your Bank what to reduce the Direct Debit by but you won't lose out on a cent by not processing your application quickly...You'll get little/no TRS for 2012 because the amount of interest charged in 2012 will be miniscule..


  • #1635
    Citizenpain
    Registered Users Posts: 1,908 ✭✭✭Citizenpain


    Closed! Just in time for christmas :)


  • #1636
    CamillaRhodes
    Registered Users Posts: 505 ✭✭✭CamillaRhodes


    Just wanted to say a massive thanks to everyone on this thread for sharing their experiences, questions and wisdom - especially killers1. I lurked so much on this thread I hardly needed to ask my own questions, others were going through the same, so thank you for doing so! We closed and got the keys to our new house on Tuesday evening, just in time for Christmas (and MIR).

    To give credit where it's due, AIB Morgage centre people were amazingly helpful and quick, as was my solicitor (if anyone is looking for a solicitor, I would really recommend her). This thread was a godsend though, for sanity checking and reminding me how lucky we were to go from offer to close within 8 weeks.

    Thank you all and merry christmas, whether in your new homes already or looking forward to a move in 2013.


  • #1637
    shannonside26
    Registered Users Posts: 12 ✭shannonside26


    So I had all documents in by Friday, Monday evening I got a call from the bank telling me both insurances were wrong, but after a couple of very stressful few days I got a phone call at 4pm this eve saying the funds were being released to my solicitor in time to make Mir!!! Thank you to all on this tread especially to killers aka killian for his help and advice.


  • #1638
    SNNUS
    Registered Users Posts: 745 ✭✭✭SNNUS


    shannonside26 wrote: »
    So I had all documents in by Friday, Monday evening I got a call from the bank telling me both insurances were wrong, but after a couple of very stressful few days I got a phone call at 4pm this eve saying the funds were being released to my solicitor in time to make Mir!!! Thank you to all on this tread especially to killers aka killian for his help and advice.

    Hi ya, Just a quick question, Will you be due for MIR once the bank issues the funds to the solicitor or does the sale have to be closed before 31 Dec??


  • #1639
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    CamillaRhodes wrote: »
    Just wanted to say a massive thanks to everyone on this thread for sharing their experiences, questions and wisdom - especially killers1. I lurked so much on this thread I hardly needed to ask my own questions, others were going through the same, so thank you for doing so! We closed and got the keys to our new house on Tuesday evening, just in time for Christmas (and MIR).

    To give credit where it's due, AIB Morgage centre people were amazingly helpful and quick, as was my solicitor (if anyone is looking for a solicitor, I would really recommend her). This thread was a godsend though, for sanity checking and reminding me how lucky we were to go from offer to close within 8 weeks.

    Thank you all and merry christmas, whether in your new homes already or looking forward to a move in 2013.

    Many congrats & thanks for your kind words!

    If you think 8 weeks was quick I just had a case go from offer accepted to cheque issue in 8 working days!!!


  • #1640
    tommyh1977
    Registered Users Posts: 350 ✭✭tommyh1977


    Finally, closed and keys in possession. Happy Christmas all


  • #1641
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    tommyh1977 wrote: »
    Finally, closed and keys in possession. Happy Christmas all

    Many congrats & happy Christmas!


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  • #1642
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    So did everyone get what they wanted?


  • #1643
    SNNUS
    Registered Users Posts: 745 ✭✭✭SNNUS


    Got the mortgage drawn down in time but MIR is still kind of up in tha air!


  • #1644
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    SNNUS wrote: »
    Got the mortgage drawn down in time but MIR is still kind of up in tha air!

    Ah ya should be ok. Get the application completed anyway


  • #1645
    SNNUS
    Registered Users Posts: 745 ✭✭✭SNNUS


    efb wrote: »
    Ah ya should be ok. Get the application completed anyway

    Yeah I will, seems to be a grey area but should be ok!


  • #1646
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Do it before Monday to make life eaaier Have you your mortgage ac details?


  • #1647
    SNNUS
    Registered Users Posts: 745 ✭✭✭SNNUS


    efb wrote: »
    Do it before Monday to make life eaaier Have you your mortgage ac details?


    I have the mortgage application number, I think there is a serparate 12 digit number I should have?


  • #1648
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Your mortgage account number is the account its held in- call your bank Monday - they are open


  • #1649
    SNNUS
    Registered Users Posts: 745 ✭✭✭SNNUS


    efb wrote: »
    Your mortgage account number is the account its held in- call your bank Monday - they are open

    Thanks! will do


  • #1650
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Good luck- If the sale is closed and the sol has drawn down the mortgage I can't see any issue


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  • #1651
    0325422
    Registered Users Posts: 81 ✭✭0325422


    efb wrote: »

    Ah ya should be ok. Get the application completed anyway

    Kind of similar enough situation in that I have mortgage drawn down.. I got my mortgage from credit union as its only small. Anyway I have the cheque here made out to solicitor and Iv had it since last Saturday. Contracts are signed 3 weeks ago and was just waiting on the money.. My problem is solicitors office has been closed for Xmas and not open until 2nd of January. My repayments don't start until January. Date on cheque is 22nd of December.. Would I qualify for Mir ?


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