Mortgage Approval length from date of AIP or loan letter?

ruaneg · 23-01-2019 03:09PM #1

Hi,

As per title, is the length of Mortgage Approval from date of AIP or loan letter?

Thanks

Bank of Ireland: Tara · 23-01-2019 04:07PM

Hi ruaneg,

Thanks for getting in touch. I'm checking this out now and as soon as I have an answer I'll get back to you here.

Cheers
Tara

Bank of Ireland: Tara · 23-01-2019 05:13PM

ruaneg wrote: »

Hi,

As per title, is the length of Mortgage Approval from date of AIP or loan letter?

Thanks

Thanks for your patience ruaneg. A fully underwritten AIP is valid for 6 months and the full Offer Letter is also valid for 6 months. If an Offer Letter issues before the expiry of AIP, the 6 months starts again from the date of the Offer Letter.

Thanks again,
Tara

ruaneg · 23-01-2019 09:33PM

Thanks Tara!

ruaneg · 24-01-2019 01:32PM

Hi Tara,

What about for a mortgage Exception? We were told 6 months, but is it from the date of AIP or letter offer?

Regards
Gary

Bank of Ireland: Lorna · 25-01-2019 12:11PM

Apologies for the delay Gary, we are just waiting for confirmation from our Mortgage Team.

Thanks,

Lorna

ruaneg · 28-01-2019 10:04PM

Bank of Ireland: Lorna wrote: »

Apologies for the delay Gary, we are just waiting for confirmation from our Mortgage Team.

Thanks,

Lorna

Any update?

Bank of Ireland: Tara · 29-01-2019 12:54PM

ruaneg wrote: »

Any update?

Sorry Gary, we'll chase this up again now.

Tara

Bank of Ireland: Tara · 29-01-2019 03:20PM

Hi Gary,

Sorry again for the delay. To apply for an exception an applicant must have identified a property. If an exception is approved the exception approval expiry will align with the Offer Letter expiry. If the property falls through a new exception application (and Offer Letter) would be required for the new property identified.

Thanks
Tara

Mortgage Approval length from date of AIP or loan letter?

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