Rebuilding Ireland home loan

GlowStick wrote: »

Does anyone know if the council are going to defer mortgage payments like the banks? I've friends who have a mortgage with AIB and their payments are being deferred for 3 months. More than likely I'll be laid off by the end of the week, and was wondering if anyone knew if the council's are going to do like the banks and defer payments? Figured you guys might know, seeing as it's Paddy's Day and they'll be off so no point ringing them!

DCC are saying if your on reduced income give them a call.

I was in DCC today for my appointment to hand in my Form 1,2,3 etc, and just thought I'd let people know what they told me in case it's useful to anyone.

They are working on an appointment only basis, and are putting a pause on new applications. They said would still progress mine based on where it is, but it'll likely be slowed down by delays with solicitors, etc which makes sense. She said some of the solicitors they are dealing with seem to have basically downed tools. She also asked me if my employment was still secure.

They are all at work, as they are responding to lots of queries from people suddenly struggling to pay their loans. She also said that they are getting grief from people who are trying to apply, so if you are calling, I'd suggest being sound to the people who are doing their best and still working through this stressful situation!

Well at least you habe identified the issues.
If the field owner is happy to just sign for the septic tank easement, that really shouldnt then be an issue re buying.
The driveway can be tricky. Are you going to take into your ownership at least the site as granted planning permission?
Does the serup reflect the planning?
Who will own the drive? It could be you, the neighbour or half each with right of way to the other.

The MPI payments are suppose to go down after 12 months? We're with Fingal since Feb 2019 and we're still repaying the exact amount. Anyone else in the same position or see a drop in theirs after a year? Thanks.

BKWDR wrote: »

Probably will be done in coming weeks and its always back dated to January 1st so you won't miss out. I think they are all closed down and sent home but it will happen

Brilliant thanks. Least of the worries atm but was just wondering, nice one.

kotac24 wrote: »

Has anyone tried to contact the councils in regards to delaying/lowering the payments if you can prove temporary pay cut for example ?

Dear Borrower,

Do I need to keep paying my mortgage?

Yes, you need to continue to pay your mortgage, or if you are experiencing financial difficulty due to ongoing Covid19 situation, please read below.

If you fail to pay your mortgage without an agreement in place, Fingal County Council is obliged to report this to the Central Credit Register and this may limit your ability to access credit in the future.

What if I have lost my job due to the Covid-19 emergency?

If you have temporarily lost work the mortgage support team needs proof of your social welfare claim or letter from your employer confirming such.
If you have lost your job permanently, please complete the attached form and provide supporting documentation (letter from employer or receipt of application from the Depart of Social Protection) ~ legible screenshots are allowed.
What will happen with my Mortgage?

Subject to evidence you have supplied that you have lost your job or have reduced hours Fingal County Council may offer you a solution to make reduced or deferred payments up to a maximum of 3 months that are proportionate to your loss of income.

You will, as a minimum, need to keep up your Mortgage Protection Insurance payments so as not to break the continuity of your cover. Fingal County Council will endeavour to find an individual solution with each borrower.

What will happen with my Mortgage after the period of reduced payment?

After the period of reduced payment, the deferred capital and interest on the time you didn’t pay is added to the remaining life time of the loan. This will mean your monthly instalment will increase. We will write to you to confirm how much it will increase by and from what date.

PLEASE NOTE: As the mortgage support team is working remotely, we are only communicating by email. Please read all of the above carefully and if you wish to apply for a reduced payment on your mortgage, complete the attached form in full and return it with all supporting documentation to loans@fingal.ie

Expect that there may be a delay in replying to each borrower, we ask that you are mindful of that and appreciate your ongoing cooperation.

Mortgage Support Team

kotac24 wrote: »

Thanks raheny red, btw just got an email from fingal loans section that they basically paused everything for now, except for the queries regarding the issues with payments...

Do you mind me asking what stage of the process you are at?

kotac24 wrote: »

final approval, sale agreed, loan pack issued maybe a month ago, and we finalised and signed contracts 2 weeks ago, basically just waiting for the funds, and to get the keys...

ah no - what a tough stage of the process for this to happen at! Hopefully it won't be delayed too long for you.

I am waiting for my loan pack to issue. Spoke to them yesterday and it won't happen until they can get back into the office, so it's a waiting game for me too.

I have tried looking this up in the thread but can't see it. I have a balance of a couple grand on a credit card, how would this affect an application?

Rojo wrote: »

I have tried looking this up in the thread but can't see it. I have a balance of a couple grand on a credit card, how would this affect an application?

They'll take it into account for the amount you can borrow (and it may lower it significantly). If you can I'd recommend attempting to clear it before you make an application. They have paused applications for the moment so it may be a while before you can apply anyway.

kotac24 wrote: »

final approval, sale agreed, loan pack issued maybe a month ago, and we finalised and signed contracts 2 weeks ago, basically just waiting for the funds, and to get the keys...

Myself and my partner are at this stage too.. Our cheque was to be issued on Monday just gone, but was informed on Tuesday that this probably wont be done after Easter, subject to the lockdown being loosened.

Karl12byrne wrote: »

Hi All

Does anyone know if the credit committee meetings are still going ahead.

We applied to SDCC in november and have been informed that we are still waiting to be sent to the credit committee to get an answer if were approved and how much or declined. Apparently this is the final stage to find out if approved and the amount

Every week we ring and some weeks with no meetings being held (even before the crisis going on) and we were 14th on the list for the last few weeks around start/middle of February.

If anyone has advice/experience dealing with SDCC as it has been a bit of a nightmare. We understand it is a long process and if it works can be really good and that it takes quite some time from start to finish we just need an answer on how much we can borrow as were are interested in a property and as soon as we know the amount we can borrow (once enough) they will/will not hold it for us

Any help Advice much appreciated

I would hazard a guess that a pause has been put on all new lending or decision making around lending. All local authorities are working from home bar essential services, which lending isn't. Theyve been tasked by government to be the central support to vulnerable groups through the crisis. I did also hear that a vast majority of the LA staff (admin etc) will be redeployed throughout the public service, hse or social protection.

Was that with SDCC and if you dont mind me asking was the approval what you were seeking

Was the online calculator accurate to what you were offered

I know I am waiting since November it's a nightmare and the proces only begins when you get the approval in principle but waiting for that

Thanks for the reply

Thanks very much for the info

I know it's a complete nightmare I I literally don't seem to be moving anywhere and now with the covid it will probably be a while more

I'm going to call them tomorrow and see if I have moved anywhere or if there even was a meeting held. O haven't called them in two weeks now so hopefully some good news

Delighted to hear you got your approval and sale agreed,

Hopefully it goes all through for you soon