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Mortgage offer

  • 03-04-2016 12:52pm
    #1
    jocksie
    Registered Users, Registered Users 2 Posts: 58 ✭✭


    myself and my partner have a letter of offer for a mortgage from BOI,now since then I've changed jobs but would the offer still stand or do I need to tell the bank I've changed or will they even ask the letter of offer is from dec so it's not 6mnths old yet


Comments

  • #2
    Pat Mustard
    Registered Users, Registered Users 2 Posts: 9,554 ✭✭✭Pat Mustard


    I presume that your solicitor is dealing with the mortgage so you can ask him/her.

    Otherwise, check the terms and conditions of your loan offer.


  • #3
    brownej
    Registered Users, Registered Users 2 Posts: 886 ✭✭✭brownej


    I happened to be in a BOI branch on Friday to apply for a mortgage.

    The bank manger made a very specifc point of saying that we need to be in permanent employment for 6 months for the mortgage offer.
    She even gave an anecdote of a couple who had approval for a mortgage from BOI and when they found the house they wanted to buy they went back to the bank to look for the draw down. As they had changed jobs since getting their AIP the mortgage was refused.
    I didn't ask any further questions of the bank manager as I don't intend on changing jobs but I think it may be relevant to you.

    You should speak to your mortgage advisor and see what the story is.


  • #4
    Pat Mustard
    Registered Users, Registered Users 2 Posts: 9,554 ✭✭✭Pat Mustard


    There is a difference between the OP's scenario and the one that you mentioned, insofar as the OP has mentioned that a loan offer has already issued.

    Therefore, the OP would be better off checking with his/her solicitor, before the bank/ mortgage advisor.


  • #5
    brownej
    Registered Users, Registered Users 2 Posts: 886 ✭✭✭brownej


    Pat Mustard wrote: »
    There is a difference between the OP's scenario and the one that you mentioned, insofar as the OP has mentioned that a loan offer has already issued.

    Therefore, the OP would be better off checking with his/her solicitor, before the bank/ mortgage advisor.

    I was jumping to the conclusion that the OP was mistaking Approval in principal letter for a loan offer.
    I did this becasue the OP mentions the 6 month validity of the loan offer.


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