Mortgage from Finance ireland

johnnytdi

Hi All

Just wondering has anyone used finance Ireland to get a mortgage?

Looking for any info on them, what were they like to deal with etc?

Thanks

Grooonk

Hi There,

We're in the process of drawing down with them. We started out with Pepper but then Finance Ireland took over.

Pepper weren't great to deal with, Finance Ireland have been fantastic.

Quick responses and friendly staff.

Would highly recommend. Any questions, just ask!

Cheers
Grooonk

johnnytdi

Grooonk wrote: »

Hi There,

We're in the process of drawing down with them. We started out with Pepper but then Finance Ireland took over.

Pepper weren't great to deal with, Finance Ireland have been fantastic.

Quick responses and friendly staff.

Would highly recommend. Any questions, just ask!

Cheers
Grooonk

Hi Grooonk

Thanks for the reply.
If you don’t mind me asking did you use them due to past ICB issues?

What was the time from application to approval?

Thanks again.

Grooonk

johnnytdi wrote: »

Hi Grooonk

Thanks for the reply.
If you don’t mind me asking did you use them due to past ICB issues?

What was the time from application to approval?

Thanks again.

No credit issues.

With pepper it was very slow so I'd advise to get working on getting docs ready immediately. I believe from the date you have sent in all requested documents, it takes 10 days with finance Ireland to fully approve you . Would highly recommend you try. They have standard mortgage rates and rates for people with previous Credit issues.
Feel free to ask any further questions.

Cheers

Bettyob

Grooonk can I please ask if you know how long draw down of your mortgage was from approval to when the money was transferred to the seller?

My mortgage broker just sent in the paperwork to Finance Ireland

celaine

How did you find the draw down process? We are in the process of drawing down after getting AIP and we are being asked to submit more and more documentation, just wondering if this happened to you?

Grooonk wrote: »

Hi There,

We're in the process of drawing down with them. We started out with Pepper but then Finance Ireland took over.

Pepper weren't great to deal with, Finance Ireland have been fantastic.

Quick responses and friendly staff.

Would highly recommend. Any questions, just ask!

Cheers
Grooonk

cousin_borat

Hi there, also with Finance Ireland through a broker. The broker mentioned the 10 day SLA but unsure of when the date started. Did you guys have to submit both a gift letter witnessed by solicitor and then also get a Deed of confirmation also signed by the donator/solicitor?

bswan

Have heard from a broker that Finance Ireland don't offer any LTI exemptions. Anyone know if that true ?

Giggles90

Our broker has just instructed finance ireland to organise valuation of the house we wish to purchase! How long after this stage did you fully draw down the loan?

Eds

Does anyone have recent experience of Finance Ireland and timelines? We were advised 10 days sla in normal times but to expect longer due to covid. Also interested in draw down times of anyone has gone through it with them recently?

BD850611

Hi All,

We were told by the broker it takes up to 10 working days or so to get fully approved. Has anyone got Approval in Principle less then that? however my colleague said to me it took her one month to get the AIP letter. Is Finance Ireland strict on the documents?

Many Thanks

thegreatescape

BD850611 wrote: »

Hi All,

We were told by the broker it takes up to 10 working days or so to get fully approved. Has anyone got Approval in Principle less then that? however my colleague said to me it took her one month to get the AIP letter. Is Finance Ireland strict on the documents?

Many Thanks

I was approved by Finance Ireland in a few days back in February. Didn't need any additional documents, just jags to supply a document of a gift I'm receiving which I've given to my broker. They've been slow on the valuation front but that's the only negative I've experienced so far.

BD850611

thegreatescape wrote: »

I was approved by Finance Ireland in a few days back in February. Didn't need any additional documents, just jags to supply a document of a gift I'm receiving which I've given to my broker. They've been slow on the valuation front but that's the only negative I've experienced so far.

Thank you for the info. Do you recall how long you receive initial feed back from Finance Ireland(or from your broker) after you handed in your documents? we have been waiting for 6 working days after our documents submitted, haven't heard anything yet. Broker has been telling us takes up to 10 working days or so to get AIP, but we have our house booked and all so we are under pressure....

thegreatescape

BD850611 wrote: »

Thank you for the info. Do you recall how long you receive initial feed back from Finance Ireland(or from your broker) after you handed in your documents? we have been waiting for 6 working days after our documents submitted, haven't heard anything yet. Broker has been telling us takes up to 10 working days or so to get AIP, but we have our house booked and all so we are under pressure....

I received AIP 3 days after I submitted my documents. I'm a single applicant permanent in the public sector with no loans etc so I'd say it was fairly straightforward to process. Finance Ireland seem to be slow at the moment, still haven't heard regarding my valuation and it's been 8 working days since I requested it. Hope you hear soon!

BD850611

thegreatescape wrote: »

I received AIP 3 days after I submitted my documents. I'm a single applicant permanent in the public sector with no loans etc so I'd say it was fairly straightforward to process. Finance Ireland seem to be slow at the moment, still haven't heard regarding my valuation and it's been 8 working days since I requested it. Hope you hear soon!

Thanks. We were told we could hear a word from them on Friday, so fingers crossed! We have been given advice and rough ideas on the steps buying a new house from family and friends but still a bit lost what's the steps are to buy a house.

We were told by our solicitor that he needs a loan pack after we get AIP from the bank. Does this comes after the house is valuated by the bank?

thegreatescape

BD850611 wrote: »

Thanks. We were told we could hear a word from them on Friday, so fingers crossed! We have been given advice and rough ideas on the steps buying a new house from family and friends but still a bit lost what's the steps are to buy a house.

We were told by our solicitor that he needs a loan pack after we get AIP from the bank. Does this comes after the house is valuated by the bank?

Yes your loan offer comes after the valuation from the bank. I'm not sure of the timeframe between the two, I've been waiting 9 days since I requested the valuation and still have not heard a word from Finance Ireland. Very annoying as I've received the vendor's solicitors today in the post and can't do a thing until the valuation and ultimately loan offer comes through. Hope you hear positive news tomorrow!

Darc19

new fixed rates - up to 20 year and moveable.

Game changer for the market

https://www.financeireland.ie/products/residential-mortgages/mortgage-rates/

bilbot79

Do we think avant Money will do a 20 year on their 1.95?

Darc19

bilbot79 wrote: »

Do we think avant Money will do a 20 year on their 1.95?

10 year rate being launched today and small drops in others

BD850611

thegreatescape wrote: »

Yes your loan offer comes after the valuation from the bank. I'm not sure of the timeframe between the two, I've been waiting 9 days since I requested the valuation and still have not heard a word from Finance Ireland. Very annoying as I've received the vendor's solicitors today in the post and can't do a thing until the valuation and ultimately loan offer comes through. Hope you hear positive news tomorrow!

Not a word from Finance Ireland and we were told we suppose to hear from them last week. we are very frustrated:mad:

Have you heard anything from them for the valuation? we were told that valuation and getting the loan pack will be a very quick process. At this stage, we dont believe a word from the broker and the bank

thegreatescape

BD850611 wrote: »

Not a word from Finance Ireland and we were told we suppose to hear from them last week. we are very frustrated:mad:

Have you heard anything from them for the valuation? we were told that valuation and getting the loan pack will be a very quick process. At this stage, we dont believe a word from the broker and the bank

I was contacted yesterday by the EA and was informed the valuation took place last week. Zero communication between the valuer and the bank and with me. The report was apparently meant to be sent to the bank by close of business today but I still haven't heard a thing regarding payment.

I'd prepare yourselves for a slow battle, it has been 15 days since I requested the valuation.

thegreatescape

thegreatescape wrote: »

I was contacted yesterday by the EA and was informed the valuation took place last week. Zero communication between the valuer and the bank and with me. The report was apparently meant to be sent to the bank by close of business today but I still haven't heard a thing regarding payment.

I'd prepare yourselves for a slow battle, it has been 15 days since I requested the valuation.

Update: Valuation report was completed on 18th May and submitted to FI yesterday evening, got confirmation this morning. Just hope they process the loan offer quicker!

BD850611

thegreatescape wrote: »

Update: Valuation report was completed on 18th May and submitted to FI yesterday evening, got confirmation this morning. Just hope they process the loan offer quicker!

Hey great new!!! very happy for you.

We are suppose to hear 'a word' back from FI today....this is so frustrating! ! We really start to think that will we ever get our AIP...its very painful...:mad:

Like we are under pressure since day 1...just want this to be over

So fingers crossed!

thegreatescape

BD850611 wrote: »

Hey great new!!! very happy for you.

We are suppose to hear 'a word' back from FI today....this is so frustrating! ! We really start to think that will we ever get our AIP...its very painful...:mad:

Like we are under pressure since day 1...just want this to be over

So fingers crossed!

Thanks a million! Did you get any word? Nervous to ask my broker what timeframe I should expect for the loan offer to be processed. Seems to be delays with everything currently.

BD850611

thegreatescape wrote: »

Thanks a million! Did you get any word? Nervous to ask my broker what timeframe I should expect for the loan offer to be processed. Seems to be delays with everything currently.

Hey,

yes we got a word back from the broker, Apprently FI is delaying everything and asked us to send on the receipt for the deposit we put on for the house and said that they may look at out application on today....

Like.... come on... this is ridiculious...our broker said to them that they have to process our application otherwise we will lose our deposit...

wat a joke

thegreatescape

BD850611 wrote: »

Hey,

yes we got a word back from the broker, Apprently FI is delaying everything and asked us to send on the receipt for the deposit we put on for the house and said that they may look at out application on today....

Like.... come on... this is ridiculious...our broker said to them that they have to process our application otherwise we will lose our deposit...

wat a joke

That is quite frustrating... I hope you heard positive news back from them today!

Hew2021

I've been waiting almost 5 weeks to hear back from Finance Ireland on my mortgage approval. From what our broker has told us, it has been with the underwriters now for weeks, is this a good sign or a bad sign? has anyone else been waiting this long?

BD850611

thegreatescape wrote: »

That is quite frustrating... I hope you heard positive news back from them today!

Finally heard something back from the bank! Now waiting for the valuation to get the loan pack....apparently it will take at least a couple of weeks for the valuation complete and pack prepared...

BD850611

Hew2021 wrote: »

I've been waiting almost 5 weeks to hear back from Finance Ireland on my mortgage approval. From what our broker has told us, it has been with the underwriters now for weeks, is this a good sign or a bad sign? has anyone else been waiting this long?

Are you waiting for the loan pack or just the initial approval in principle?

We waited for 3.5 weeks and we contact the broker on a daily basis and told them we could lose our deposit if we need to wait any longer. They finally granted us AIP.

It then took a week for them to instruct the valuation on the house. (That was Monday this week) Our broker told us it will take at least couple of weeks for the valuation to complete in order to send us the loan pack...

Now the developer and estate agent are threatening us to take back the house if we don't sign the contract in the next two weeks....We thought we could have a break from all the stress but little did we knw...We are just so fed up with this, they can do watever they want....

thegreatescape

BD850611 wrote: »

Finally heard something back from the bank! Now waiting for the valuation to get the loan pack....apparently it will take at least a couple of weeks for the valuation complete and pack prepared...

Congrats! My valuation took two weeks from I requested it until the report was sent to Finance Ireland. I received my loan offer in the post on Monday. Hoping to get into the solicitor's by the end of this week to sign contracts. Have my mortgage protection and house insurance in place. Finance Ireland just wanted 3 months payslips as well and a letter from my employer to say they're not getting any COVID scheme. Hopefully it is smooth sailing from here on out!

BD850611

thegreatescape wrote: »

Congrats! My valuation took two weeks from I requested it until the report was sent to Finance Ireland. I received my loan offer in the post on Monday. Hoping to get into the solicitor's by the end of this week to sign contracts. Have my mortgage protection and house insurance in place. Finance Ireland just wanted 3 months payslips as well and a letter from my employer to say they're not getting any COVID scheme. Hopefully it is smooth sailing from here on out!

That is great, very happy for you. Congrats!

Our valuation was instructed on Monday this week but we requested the valuation a week before. I wonder if it will take two more weeks to complete the valuation then take another week or so for them to finalized the loan offer. our broker told us at least couple of weeks to complete...so new pressure again...

Did they ask you to provide the payslip and letter before you received the loan pack or they want these before the full draw down?

thegreatescape

BD850611 wrote: »

That is great, very happy for you. Congrats!

Our valuation was instructed on Monday this week but we requested the valuation a week before. I wonder if it will take two more weeks to complete the valuation then take another week or so for them to finalized the loan offer. our broker told us at least couple of weeks to complete...so new pressure again...

Did they ask you to provide the payslip and letter before you received the loan pack or they want these before the full draw down?

Thanks so much! Everything signed with solicitor, loan offer sent back to Finance Ireland and remaining balance of 10% deposit given. It took 2 weeks in total from start to finish for my valuation to be completed, then 1 week later I received a call saying my loan offer was being sent out.

The payslips and letter is after the loan offer, they will review these before full draw down.

BD850611

thegreatescape wrote: »

Thanks so much! Everything signed with solicitor, loan offer sent back to Finance Ireland and remaining balance of 10% deposit given. It took 2 weeks in total from start to finish for my valuation to be completed, then 1 week later I received a call saying my loan offer was being sent out.

The payslips and letter is after the loan offer, they will review these before full draw down.

Thank you for the info. Hopefully we can hear something this week...fingers crossed!

Btw, how long will the loan offer last from Finance Ireland? We were told our house will not be built until late Dec 2021/Jan 2022

flanna01

BD850611 wrote: »

Thank you for the info. Hopefully we can hear something this week...fingers crossed!

Btw, how long will the loan offer last from Finance Ireland? We were told our house will not be built until late Dec 2021/Jan 2022

Six months then have to re-apply unless you have different arrangements made

mopsy06

Hi all,

Is anyone else having issues with applications being reviewed? Our application has been sent to the underwriters since 22nd July. The broker has been on to them everyday for the last 2 weeks. The turnaround time is meant to be 10 working days. I'm wondering if they are this slow processing applications, how long does it take for drawdown??

aperture_nuig

https://www.boards.ie/discussion/comment/117857403#Comment_117857403

We're in exactly the same boat. Went to underwriters July 6th, STILL waiting for loan offer pack. We're over 3 months waiting now. No queries back on any of our paperwork, no questions or explanations for delays. "It's in a queue".

Worst shower I've dealt with. If I didn't know my broker from previous dealings I'd be livid with them too. We were given an original timeline of ~4 weeks, this is the end of week 13.

Been waiting 3.5 weeks now too since valuation. We aren’t in a rush thankfully, but broker said 10-15 working days on average to get loan offer. But no movement yet.

They were super quick organising a valuation however.

Been told for a week solid now still in review with credit, hitting 20 working days now since loan offer application went in. Anyone in same situation?

cb123

https://www.boards.ie/discussion/comment/117868561#Comment_117868561

We just requested a valuation last Wednesday, how long before you heard back?

We found some difference in Finance Ireland between on original application and the renewal. Back in January it took 12 days to get AIP. The renewal in July took over 7 weeks. Hoping the next steps are quicker.

https://www.boards.ie/discussion/comment/117916945#Comment_117916945

we asked for a valuation, heard nothing for 3 weeks then realised they’d done it :/. Valuation was a week, 3 weeks to get the report.

Hitting nearly 4 weeks waiting on loan offer now. Were told 10-15 days but then recently been told backlog

cb123

https://www.boards.ie/discussion/comment/117917429#Comment_117917429

Thanks for the info.

The valuation was requested two weeks ago now. It was so quiet I followed up with my broker and she asked me to check in with the EA. No one has been in touch with the EA. So frustrating. The EA is now asking for me to find out who the valuer is and get them to contact her. Why is it all so cloak and dagger. Everything behind the scenes.

cherryghost

7 weeks so far on an application. Wasnt in a hurry 2 months ago but squeaky bum time is approaching

https://www.boards.ie/discussion/comment/117973416#Comment_117973416

We got approved 5 weeks after application but now waiting on FI to send on the loan pack to solicitor.

They weren’t one but apologetic over the time - basically just said it’s just business, it’ll take as long as it takes.

cb123

https://www.boards.ie/discussion/comment/117974037#Comment_117974037

Curious to see where you are in the process and how long more you're waiting?

Found out that Finance Ireland did the valuation (online /drive by, never entered the property) and now I'm in the pre offer call queue. Broker told me the bank would ring, anyone know what that entails?

https://www.boards.ie/discussion/comment/117997469#Comment_117997469

Have the loan offer now. Pre call queue lasted 2-3 days, asked some security details and to pay valuer fee. Loan offer was then received by email and post 4-5 days later.

Joffrey

Just wondering, do finance ireland ask for 3 months bank statements or 6. Can't find the info anywhere online

cb123

https://www.boards.ie/discussion/comment/118139676#Comment_118139676

6 month statements for Current acc, Credit cards, Revolut, N26 and Savings.

12 months for loans

cb123

https://www.boards.ie/discussion/comment/118004628#Comment_118004628

Finally signing the loan offer letter tomorrow after Finance Ireland messed up on our application. 8 weeks after requesting the valuation.

How long were you waiting to drawdown after it was all signed?

bilbot79

Anyone dealing with FI now? My solicitor was told last week on Tuesday our case was with the Compliance dept and if all IGO then funds to be paid between Wednesday and Friday. By Friday I was on the phone to them loads and it seemed to me like it hadnt even been picked up yet.

ckm23

https://www.boards.ie/discussion/comment/119319076#Comment_119319076

Yup, application in 13 weeks ago, I just got put in the queue for a loan offer call. Good luck, they work on their own timezone.