Gally79 wrote: » Sorry to hear i hope you‘re not giving up. I am also having some previous credit issues, I hope a good broker might be able to get me mortgage ready. If you‘re on Instagram there is a guy called @the_mortgage.guy his videos are great and he is explaining everything in layman’s english. There’s also a group on Facebook called First Time Buyers Ireland.
Beeabell wrote: » Hi Gally it didn't. They didn't like the address or the fact I am a Civil Servant, How is everyone else getting on.
Gally79 wrote: » How did it go for you ?
Beeabell wrote: » I submitted an application to Finance ireland yesterday so will keep you all posted. one red mark showing on ICB cleared 2 years ago
Beeabell wrote: » Broker said she would appeal it but no point. as she gave me wrong address of the house so has me thinking she submitted application with address of next estate, not that it would matter as it doesnt flood or anything. yeah in permanent full time employment thankfully ive been lucky with work during covid. nothing changed for me, yes still going ahead with credit union.
Shadow2019 wrote: » Just to update on my side, I have a call with BOI tomorrow for an assessment. They called today (I requested a callback just to check), the girl was very helpful and asked me to email all details. I sent across and they said to do assessment and they will see what they can do. Not holding much hope but it’s better than the flat no’s we have become so used too. Will post here with outcome!
Shadow2019 wrote: » Oh no that is terrible did they say why they denied for address? Employment status also seems strange if you are employed? What did broker say? Really hope you get some answers that doesn’t sound right? Are you still going with the credit union?
Beeabell wrote: » Hi Shadow2019. just got word today. My application with FI has been denied due to the address & my employment status. I am a Civil Servant past 14 years. Does anyone know if it is possible to have underwriters explain this further.
Shadow2019 wrote: » That’s brilliant news congratulations on getting the mortgage! Must feel like a weight off shoulders! Enjoy house hunting! Unfortunately my CU do not do mortgages I would absolutely go this route if it was a possibility. Keep us posted if you hear from FI I’ve seen on a FB page for first time buyers that there is a backlog with them so you might hear soon.
Shadow2019 wrote: » I’m interested in this too I can’t seem to find many threads with people using them! When are you going for mortgage?
Beeabell wrote: » heya, i still havnt heard back from finance ireland . Ive since been approved with my credit union so going with them although interest rate is a bit higher i can switch in time if needs be. would you credit union be an option for you? Also if anyone has any experience with same can ye let me know please.
Shadow2019 wrote: » We spoke to our bank (PTSB) and not a hope under the 2 years and I get the feeling that it will still be on the fence then. Looks like it will be March next year at the earliest before we can go any further with our own bank or Finance Ireland. I joined the credit union in Work and applied for a small loan to attempt to help rebuild my credit. They approved me (it’s salary deduction so less risky for them) and repayments will start this month. There’s very little on finance ireland anywhere in terms of approvals or how they operate with the exception of 2 years if anyone sees any threads can they link them here? Cheers!
Shadow2019 wrote: » Hey - looking forward to hearing how you get on. Do you mind me asking is the mark one missed payment or a revoke / default?
bing2019 wrote: » Hi, I checked with Finance Ireland this week and it's still 2 years that you need to be clear of the loan or credit issue. I wonder if BOI are 12 months? I'd love to hear some positive stories of people getting approval. My issues were as a student and all cleared now. Best of luck I hope it goes well when you go for the mortgage.
Ollyt2020 wrote: » Hi My partner had issues with a credit union loan which is now paid in full and will be 2 years by December. My credit history is fine. Has anyone actually got approval from Finance Ireland with a bad credit history once the two years have elapsed. Are any of the standard banks likely to approve after a 2 year period? My partner has taken a out a loan and credit card in last year or so to try and repair some of previous damage. Thanks.
bing2019 wrote: » Hi thank you for your reply. Yes I had previous arrears on my student loan. The loan is now cleared but only since last year. We have our deposit and are just waiting on a new phase of a housing development to go on sale before we can apply to the bank for full approval. I'm just worried the credit issue will stop us getting approval with the bank. If it's 2 years I'll have to keep renting and saving another while. It's so frustrating as I am in permanent full time employment now and in a much better position then when I was a student! Best of luck to you with the application.
bing2019 wrote: » Hi there, I know this post is from over a year ago I am just wondering if anyone went ahead and got a mortgage approved with Finance Ireland? Thanks you.
