Aurelian wrote: » I've been through a lot of horse trading with banks on this lately, it seems if your company is on the subsidy it is extremely hard to get a drawdown. Supposedly BOI have added a section to the salary cert form to say whether or not they are receiving supports. I think this will only change if the banks start to need to do business with people and look on a detailed case by case basis.
Gemma_22 wrote: » Hi, Has anyone had any joy drawing down a mortgage while your employer is in receipt of the EWSS? PTSB are requesting a letter from the employer stating they are not in receipt of it, but they are. Hoping a letter stating my employment is secure etc will be enough to get by. My partners job has not been effected and I am still working full time with no loss of salary. I assumed having a covid free payslip would be enough but no.
ianm1990 wrote: » This is just to give you an update where I am at with permanent tsb , I am at loan offer stage , contracts signed every document up to underwritters to draw down on Wednesday. So regarding the EWSS my partner is on it aswell her manager stated on a letter even though they are receiving the EWSS its not directly going to my wife's wages ( there in the childcare sector) , we gave all those letters documents payslips etc up nearly 3 weeks ago , 10 days ago we received our loan offer to go to drawdown. All our letters payslips passed at that stage We then received a call on Thursday from our mortgage advisor that they have changed a policy that anybody who is now going from AIP to loan offer simple will be told no if they can not produce a letter from there employer that the COMPANY is not in receipt of covid , not just the person applying. She is telling us this as worst case scenario incase they change the policy regarding people all ready holding loan approval. She also said that as we are both still working during this lock down , it's still looking good.
Gemma_22 wrote: » Oh ok, the stage we are at is trying to get loan offer. So that looks like my letter saying I'm secure wont even work. We are both working full time too. Very frustrating
ianm1990 wrote: » Now try it , please take what you read on this with a pinch of salt , for all I know my mortgage advisor got it wrong . Even with what I was told we are up the wall with worry as we are so invested into the property.
Gemma_22 wrote: » Yes we are trying to be positive but its so hard with all the set backs haha we have come so far at this stage its horrible to think it would all be wasted and like yourself really invested in this property. Fingers crossed it will work out
greengrass88 wrote: » I've been looking into this issue a lot but still seems to be bad news for most people on EWSS. I could of put up with waiting until april 2021 to buy a house - the ewss was due to end april 2021 - but then they announced in the budget that the subsidies would continue until end 2021. Totally devastated at this thought! Someone in this thread mentioned they had some luck with AIB - aib told me no due to me being on subsidy, but maybe read back through the thread and give aib a go...might work out for you!
Dubs1990 wrote: » It looks that way , I should know by the end off the week if I get to loan offer. I will keep it updated here.
Kh1993 wrote: » Are banks taking into the account the childcare sector element? All childcare and early educational facilities are blanket receiving the subsidy as a stimulus. They’d be mad not to accept it. It’s literally free money. Taking it certainly doesn’t show that the company is in bad financial health AIB up til last week we’re taking cases on a case by case basis and weren’t giving a blanket no to anyone on EWSS. Hopefully that doesn’t change like PTSB.
ianm1990 wrote: » Just giving an update here , wife on EWSS with permanent tsb , got letter of employer stating that my wife is not receiving EWSS but that the company is. As of 2 days ago , that part of the drawdown section was passed no problem , didn't ask for up to date payslips or anything either. We had given an up to date letter from my wife's job stating her wage is unchanged etc. I'm not saying I have the money in the solicitors bank yet , but all that's left to sign off on is the mortgage protection , and there hopefull funds will be released today or Monday! Anybody going for mortgage application, just go for it , so many people here will tell you absolute nonsense, but some just say it how it is. Very stressful journey , but there is light at the end of the tunnel!
Gemma_22 wrote: » It's so refreshing to hear some positive news on this topic!! Great news for you and your wife I hope the rest of the process runs smoothly! I've had a lot of sleepless nights and currently waiting on loan offer from ptsb. My letter from my employer is in and its such a nervous time.
greengrass88 wrote: » Did you have any luck with this Gemma_22? Still a resounding "no" from banks for us as far as I can make out. Dont really want to go through the hassle of getting everything in order for the mortgage and finding a house we love only to be told we cant drawdown.
ianm1990 wrote: » Just on this , I luckily got mortgage , but looks like just in time as my paperwork was to far ahead to have it pulled. I was talking to the broker in permanent tsb yday , and she said they have got so much stricter regarding the EWSS and are now calling the HR in the jobs to make sure the company are not receiving the scheme. I was able to drawdown on the bases that the company were receiving it but it wasn't actually been used for my wife's wage. She said absolutely no chance that would of gotten through now !.
cubatahavana wrote: » Is this is for the applications for loan offer? once loan offer has been granted, as long as it is not listed as part of the conditions, I suppose people are ok and the banks will leave them alone?
brisan wrote: » Its seemingly now not just PUP and EWSS Letter in the Independent on Sunday where the writer was refused a mortgage because he worked in the Aviation industry Not a FTB he already had a mortgage with the bank for 6 yrs and had never missed a payment ,but they still refused him because of where he worked He was not on EWSS
Dec2020 wrote: » BOI update - I drew down last week, BOI require most recent payslips, bank statements and letter from each employer confirming they are not getting EWSS.
Gemma_22 wrote: » Congrats!! Had you given any employer letters before the drawdown one? I have given these letters in for loan offer so I'm wondering am i going to need a new one for drawdown.
