johnnytdi wrote: » Good morning all Was due to drawdown our mortgage this week but bank have come back and said we cannot draw down until my wife goes back to work and gets her first payslip. We were meant to close in two weeks time. We have provided a letter from my wife’s employer stating return to work date and that salary and hours will remain unchanged when she does return. Current maternity pay is same as salary does anybody know if this could be appealed or is anyone in the same position. Thanks.
ladystardust wrote: » Also, I'm so sorry for the situation, its horrible to have your plans derailed through no fault of your own. Congrats on the new addition and I hope you get sorted with something.
Buchaill Og wrote: » @Trish56 Sorry if this is off topic but considering your role I am interested in your thoughts on the below. We are a married couple doing a self build. Signed our mortgage offer in Feb. 2020 and completed the first stage. When we went to draw down we were refused due to wife being on the unemployment pavement. She is going back to work on Monday next and we were thrilled to hear this as we could start collecting the 4 weeks payslips requested by UB before they release funds. However we have just found out the employer is actually putting all employees on the subsidy scheme - again the bank won’t allow draw down when one of us is on this. My question is, if a couple came to you with self created payslips and you were informed would you submit them? I welcome anyone else’s input.
Buchaill Og wrote: » My question is, if a couple came to you with self created payslips and you were informed would you submit them?
Buchaill Og wrote: » I didnt ask you to act on my behalf but thank you. Not sure have you misread my post when you mention my attitude, never did I suggest a fraudulent transaction as an appropriate solution but thanks all the same.
Trish56 wrote: » I'm a mortgage broker and from my experience all lenders accept your income when you are on maternity leave and as you mentioned all that is required is a letter from your employer stating the date that you are due to return to work and confirming all your existing terms and conditions remain the same. Are you getting paid from your employer when on maternity leave? I drew down a case last week where the loan approval was issued when the applicant was pregnant and lender was not informed of same as this information is not requested on the application. When we went to drawdown the mortgage we had to submit April payslips and bank statements due to new Coved 19 process - it then came to light that the applicant was on maternity leave and I did not at that stage have to submit a letter from her employer however her payslip and bank statement showed she was getting paid by her employer and none of the applicants were receiving the Coved subsidy. I would be interested to know who the lender is as I have not been informed by any lender that the policy regarding maternity leave has changed.
sean.casaidhe wrote: » Sounds like discrimination to me? If the only difference between your wife and any other person is that the pregancy, then that's discrimination. I would definitely demand a review on that basis.
phormium wrote: » Is she going to be paid by employer while on leave or is it just basic maternity benefit?
Dempo1 wrote: » This is outrageous, I never knew this would be a reason to refuse a drawn down albeit recently banks seem to make up the rules as they go along, surely this decision is discriminatory and needs further investigation, just shocking.
cyclekeen wrote: » Our feelings exactly!
phormium wrote: » It's the lack of income so rather than the reason for it that is the issue, if you hurt your back and were out sick on very same income terms then I'd imagine an applicant would have the same issue. However they should have advised you this would be an issue in the beginning, although rules are changing fast in banks especially with Covid issues so what might have seemed ok in March might not be now. You could try the whole discrimination angle and they might just cave rather than put up with the hassle although I really don't think it is as same would probably apply to any mortgage application where one applicant was on unpaid leave at time of drawdown whatever the reason if their underwriters are looking for two payslips to prove income before drawdown.
phormium wrote: » Not saying any of it is right and don't think it has nothing to do with future kids or cost of kids etc, I just think very same situation would apply if someone was out on leave for any reason and at the point of drawdown had no income which is the case here. Yes it's starting again in new year but same could apply to anyone out on leave and I'd bet underwriters would say same thing. Having said that I do think best chance of getting it changed is kick up a stink with the discrimination angle.
cyclekeen wrote: » Bank of Ireland have mentioned to us that the underwriters may withhold our drawdown until my wife returns to work. We have already said this is a deal breaker from our side as she is not returning until Jan and have letters from her employer confirming she has her job and same pay on her return. We'll find out this week for certain but if we are required this we'll definitely be interested in your services to secure the same mortgage with another bank. Can you share your details with me if interested?
Trish56 wrote: » Are you dealing with Bank of Ireland directly or through a broker? I don't deal with them however I contacted a friend of mine who is a manager and she said nothing has changed and that once you have a letter to say your wife is returning to work in January you should be able to drawdown the mortgage. She did ask what her occupation was and if she had previously being getting a covid payment. Sometimes mortgage advisors in the branches can be very inexperienced and pick up things incorrectly so hope you get sorted.
