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Bank Of Ireland Mortgage - Homebond

  • 05-12-2016 10:07PM
    #1
    lfc200
    Registered Users, Registered Users 2 Posts: 339 ✭✭


    Hi All,

    Finally (hopefully) in the last stages of getting my mortgage drawn down with BOI. But today another issue appeared BOI are asking for the Homebond cert for the property but it is not covered by homebond. Instead it is covered by CRL insurance.
    Does anyone know if this is acceptable by BOI?

    Many thanks,


Comments

  • #2
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Ask them?


  • #3
    lfc200
    Registered Users, Registered Users 2 Posts: 339 ✭✭lfc200


    athtrasna wrote: »
    Ask them?

    Literally only came across it this evening after BOI were closed so asked here in the hope that someone might know.


  • #4
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,566 Mod ✭✭✭✭johnnyskeleton


    lfc200 wrote: »
    Hi All,

    Finally (hopefully) in the last stages of getting my mortgage drawn down with BOI. But today another issue appeared BOI are asking for the Homebond cert for the property but it is not covered by homebond. Instead it is covered by CRL insurance.

    Presumably they cover the same things but youd have to check the policy.
    Does anyone know if this is acceptable by BOI?

    Many thanks,

    Now thats where the problem lies. Never underestimate Bank Of Irelands irrationality! Good luck!


  • #5
    Gumbo
    Moderators, Society & Culture Moderators Posts: 42,155 Mod ✭✭✭✭Gumbo


    lfc200 wrote: »
    Hi All,

    Finally (hopefully) in the last stages of getting my mortgage drawn down with BOI. But today another issue appeared BOI are asking for the Homebond cert for the property but it is not covered by homebond. Instead it is covered by CRL insurance.
    Does anyone know if this is acceptable by BOI?

    Many thanks,

    It should be fine. The wording should be homebond or similar type approved structural insurance guarantee.

    But, only BoI can confirm tomorrow.


  • #6
    lfc200
    Registered Users, Registered Users 2 Posts: 339 ✭✭lfc200


    kceire wrote: »
    It should be fine. The wording should be homebond or similar type approved structural insurance guarantee.

    But, only BoI can confirm tomorrow.

    Thats what I'm hoping. This whole thing has dragged on now over 6 months having paid the deposit on the property in early June so just getting very anxious on it now.


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  • #7
    by the seaside
    Registered Users, Registered Users 2 Posts: 389 ✭✭by the seaside


    lfc200 wrote: »
    Thats what I'm hoping. This whole thing has dragged on now over 6 months having paid the deposit on the property in early June so just getting very anxious on it now.

    Good luck. We are drawing down today from BoI for a new build as well.


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