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How do I get proof of insufficient mortgage offers, so I can apply for a Local Authority Home Loan?

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  • 10-07-2023 4:18pm
    #1
    morninwood
    Registered Users Posts: 154 ✭✭


    Hi All,


    I am wondering how I get proof of insufficient mortgage offers, so I can apply for a Local Authority Home Loan?

    To qualify for the loan you need to have two banks reject the loan requests but I am not having a specific property picked out yet.


    I could get up to a 306k mortgage approved by the banks. I could get 324k via the Local Authority Home Loan.

    Do I just submit mortgage applications for 324k to two banks and have them reject them?


    Thanks for any input.



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  • Options
    #2
    shawki
    Registered Users Posts: 663 ✭✭✭shawki


    Easiest thing to do is apply for mortgage with a bank to get AIP.

    You don’t need a rejection just an insufficient offer.

    From the form.

    “Be able to provide proof of insufficient mortgage offer from two regulated financial providers.“

    AIB took a day.

    BOI took a few days.



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