Saving/Applying for a mortgage 2015/16/17/18/19

Blanco100

Looly8726 wrote: »

So for us we went in to the bank got AIP with a long list of conditions attached to the end of it. Basically wasn’t worth the paper it was written on as it wasn’t underwritten. We then started the process of underwritten approval and had to submit all the relevant documents and it took about 3 weeks all in all to get underwritten AIP as they kept requesting more information and clarification etc. it was 3 days from the last document being submitted to them to get u/w AIP. Underwritten AIP has only maybe 2 or no conditions at all and very easy ones (ours was to clarify our PPS numbers and solicitors details).
After this we sent them all the details of the property etc. (again!) and within about a week we had the letter of offer.
Are you doing it through the new App? If you call head office and give your reference number they are quite helpful. Someone forgot to send us a message when the u/w AIP was uploaded and we were waiting needlessly for days until I rang them.

yeah we are using the app. we have provided all of our docs after AIP.

Bank statements, p60s, savings proof you name it. It was confirmed our standard docs were in order, we were asked about what term and rate (fixed or variable) we wanted.

Once we confirmed that they asked if we wished to move to letter of offer stage. We said yes, and now its with under writers apparently, just wondering whats next seems like We provided every piece of documentation to be honest was pretty comprehensive

Compak

Blanco100 wrote: »

yeah we are using the app. we have provided all of our docs after AIP.

Bank statements, p60s, savings proof you name it. It was confirmed our standard docs were in order, we were asked about what term and rate (fixed or variable) we wanted.

Once we confirmed that they asked if we wished to move to letter of offer stage. We said yes, and now its with under writers apparently, just wondering whats next seems like We provided every piece of documentation to be honest was pretty comprehensive

What's the app people are using?

Same boat here. Guessing we are experiencing the effects of people being on holiday/ holiday mode.

Corruptedmorals

The AIB mortgage app, I think. For uploading all documents and messaging them directly. It is brilliant I have to say and they send a text through any time they have a request or an update in the app. Ours is not with the underwriters a week yet so being patient here but they did send a message on Monday to clarify that they have all they need and that the letter will issue 'very shortly' so I'm happy enough with that.

123Vicki

At snagging stage now and trying to get quotes and someone booked. What would the rough price be for a 4 bed new build? Also does anyone have recommendations? Property is in Meath 15 mins from Blanchardstown. Thanks 😀

niamhzie

123Vicki wrote: »

At snagging stage now and trying to get quotes and someone booked. What would the rough price be for a 4 bed new build? Also does anyone have recommendations? Property is in Meath 15 mins from Blanchardstown. Thanks ��

We paid 170 to snag a 3 bed. I presume it would be less than 200 for a 4 bed? We were meant to get an acquaintance to do it but I think he was away at the time, our builders were quite last minute with giving their availability but we needed the process to keep moving so went ringing everyone we could find on Google! Pm me if you want this guy's details, he was a really nice man to deal with, sent a thorough snag list w photos

123Vicki

niamhzie wrote: »

We paid 170 to snag a 3 bed. I presume it would be less than 200 for a 4 bed? We were meant to get an acquaintance to do it but I think he was away at the time, our builders were quite last minute with giving their availability but we needed the process to keep moving so went ringing everyone we could find on Google! Pm me if you want this guy's details, he was a really nice man to deal with, sent a thorough snag list w photos

Yes please if you could PM that would be great thanks

RVN10

Getting a bit worried I’m just over a week away from my 6 month offer , my new house is literally just finished and we are awaiting for. Homebond to issue the final cert to complete drawdown. I’m starting to freak out because the bank won’t review final documents until the last one is in and they saying this takes 5 working days.

Has anyone been in this situation I’m really feeling the stress of it all nor to be honest and we really can’t afford to miss the expiry Saturday week

tobsey

RVN10 wrote: »

Getting a bit worried I’m just over a week away from my 6 month offer , my new house is literally just finished and we are awaiting for. Homebond to issue the final cert to complete drawdown. I’m starting to freak out because the bank won’t review final documents until the last one is in and they saying this takes 5 working days.

Has anyone been in this situation I’m really feeling the stress of it all nor to be honest and we really can’t afford to miss the expiry Saturday week

Has there been a change in your circumstances? If not then it should be a very simple process to extend the approval

RVN10

its More the length of time it could take that worries me more so , as the bank will require new documents etc

TheSheriff

Would anyone on here have any experience of getting a mortgage for two when one party is a civil servant on a fixed term contract ? Any experiences of something similar appreciated - or if anyone knows of any good brokers who have knowledge of this please pm!

Phileas Frog

Any idea how long it takes to get a booking deposit back after pulling out?

Dolbhad

Phileas Frog wrote: »

Any idea how long it takes to get a booking deposit back after pulling out?

Should be within a few days. Sometimes auctioneers will wait until the solicitor confirms they have received the contracts and documents but you in reality should not be waiting more than a week.

Dolbhad

TheSheriff wrote: »

Would anyone on here have any experience of getting a mortgage for two when one party is a civil servant on a fixed term contract ? Any experiences of something similar appreciated - or if anyone knows of any good brokers who have knowledge of this please pm!

Not personally but I’ve seen on boards over the years if the fixed term as been rolled over a few times it’s not an issue. If your on your own first fix term contract (regardless of the role) it could be an issue for the bank. You might state where you are so if people know brokers in the area they could PM you.

og2k7

Phileas Frog wrote: »

Any idea how long it takes to get a booking deposit back after pulling out?

When we pulled out it took well over 2 weeks

D*ckheads sent a cheque to our solicitor (up to 5 days to clear) and then issued another one, this time in my name

Dolbhad

og2k7 wrote: »

When we pulled out it took well over 2 weeks

D*ckheads sent a cheque to our solicitor (up to 5 days to clear) and then issued another one, this time in my name

Good point. I had our cheque made out payable to us but maybe pass on bank details to auctioneer and ask for EFT

og2k7

Dolbhad wrote: »

Good point. I had our cheque made out payable to us but maybe pass on bank details to auctioneer and ask for EFT

Good luck

I asked them to send it to my acc and they flat out refused. The whole process was a complete s-show

Phileas Frog

The gowls haven't even acknowledged my withdrawal email from just under 2 weeks ago. I paid the booking deposit coming up to 3 months ago - on a new build - solicitors never received contracts nor a sale notice. Wholly unsatisfied with this estate agent.

On the other hand, I found another place to buy through a different agent - also a new build - got a sales notice about 20 mins after paying the booking deposit and contracts were received under a week later.

DOC2015

Just wondering if a parent could use their house as collateral for the deposit or part of a deposit for their child's mortgage?

DOC2015

DOC2015 wrote: »

Just wondering if a parent could use their house as collateral for the deposit or part of a deposit for their child's mortgage?

How would that work? The deposit needs to be cash.

DOC2015

Not sure tbh, a friend had suggested it to me before. My guess is some sort of equity release setup. Sounds messy to be fair

og2k7

Phileas Frog wrote: »

The gowls haven't even acknowledged my withdrawal email from just under 2 weeks ago. I paid the booking deposit coming up to 3 months ago - on a new build - solicitors never received contracts nor a sale notice. Wholly unsatisfied with this estate agent.

On the other hand, I found another place to buy through a different agent - also a new build - got a sales notice about 20 mins after paying the booking deposit and contracts were received under a week later.

So quite typical: make sure the withdrawal email comes from your solicitor (as in binding etc) just to avoid the situation they say they have countersigned the contracts and you could loose your 10% (heard some stories about it too)

Phileas Frog

og2k7 wrote: »

So quite typical: make sure the withdrawal email comes from your solicitor (as in binding etc) just to avoid the situation they say they have countersigned the contracts and you could loose your 10% (heard some stories about it too)

This is the booking deposit, they never issued contracts after 3 months

scheister

DOC2015 wrote: »

Just wondering if a parent could use their house as collateral for the deposit or part of a deposit for their child's mortgage?

DOC2015 wrote: »

Not sure tbh, a friend had suggested it to me before. My guess is some sort of equity release setup. Sounds messy to be fair

My sister was suggesting this to my mother, what my sister was thinking is that i get my inheritance from the family home now to help me get on the ladder.

it is very messy, during the boom you had lender who would do equity release on the house but there was monthly payments with it and caused hassle if the price growth on house was not at least equal to the interest rate.

deisedude

Have got the loan offer and signed contracts.

We have money in our deposit account for solicitos fees and stamp duty. This muight be a silly question but can we withdraw some of the other money in our deposit account or is that still a no no until drawdown?

niamhzie

deisedude wrote: »

Have got the loan offer and signed contracts.

We have money in our deposit account for solicitos fees and stamp duty. This muight be a silly question but can we withdraw some of the other money in our deposit account or is that still a no no until drawdown?

Honestly I'd avoid if at all possible. I think waaaaay back earlier in this thread someone was asked about big spends from their savings, but in their case it was furniture/appliances for the house so they provided receipts and it was fine in the end.

Might be overly cautious but we personally aren't touching that money until we've keys in our hands

deisedude

niamhzie wrote: »

Honestly I'd avoid if at all possible. I think waaaaay back earlier in this thread someone was asked about big spends from their savings, but in their case it was furniture/appliances for the house so they provided receipts and it was fine in the end.

Might be overly cautious but we personally aren't touching that money until we've keys in our hands

Thanks for the feedback. We still have savings going into the account. Would it be alright if we reduced the level of savings going into the account?

We have been saving quite agressively to get the deposit, much more than the mortgage repayments will be.

We would need some of that money for kitting out the house too. Dont know how we will do it from current accounts as it is

niamhzie

deisedude wrote: »

Thanks for the feedback. We still have savings going into the account. Would it be alright if we reduced the level of savings going into the account?

We have been saving quite agressively to get the deposit, much more than the mortgage repayments will be.

We would need some of that money for kitting out the house too. Dont know how we will do it from current accounts as it is

I'd say chat with your lender on that one, I imagine reducing the amount you save is reasonable, as would be furnishing the house with your savings. Maybe someone else has experience on that one. We're almost completed with our house, plan to withdraw savings for the likes of carpets and furniture ASAP

deisedude

deisedude wrote: »

Thanks for the feedback. We still have savings going into the account. Would it be alright if we reduced the level of savings going into the account?

We have been saving quite agressively to get the deposit, much more than the mortgage repayments will be.

We would need some of that money for kitting out the house too. Dont know how we will do it from current accounts as it is

Your savings don't just accumulate into your deposit, they show your capacity to repay the mortgage. I'd be extremely cautious about changing the amount you're saving. I would get confirmation (in writing) from your lender that it's ok to be honest.

swarmberg

Ayan Prickly Road wrote: »

Your savings don't just accumulate into your deposit, they show your capacity to repay the mortgage. I'd be extremely cautious about changing the amount you're saving. I would get confirmation (in writing) from your lender that it's ok to be honest.

Would agree with this. I'm waiting on my house to be snag ready but in the meantime I haven't bought any furniture etc and left the deposit intact and the savings the same. Have picked out flooring , furniture etc so once we get the keys we will be ready to roll.

Creamy Goodness

you can often put down deposits on furniture, white goods etc. so that they're held in stock at the PowerCity/DFS/etc. and can be delivered the moment you get the keys all without dipping into your mortgage savings.