Rebuilding Ireland home loan

That's the way it is unfortunately. You could have another 100 grand in the bank to put towards it and they'd still tell you you couldn't buy a place that cost more than 320k. It makes no sense, but it is all in the Ts&Cs etc.

You need to be very careful with properties that need some work done. As far as I'm aware if the house isn't currently habitable then the council won't give you the mortgage at all (I'm not sure if electrical rewiring needing to be done would be classed as non-liveable though). I went sale agreed on an apartment a year and a half ago and I was refused the loan because the inside doors weren't fire rated. I asked if it could be part of the contract that I get the doors replaced within X amount of months and was told no, that they would have to be replaced by the person selling the apartment before they would issue me with the mortgage. I'm not trying to s**t on your hopes or anything, but there is a very real possibility that if the survey shows up anything even remotely major in terms of safety then you will be flat out refused, regardless of how much money you have to repair it.

Hi I've just been approved with Sdcc. I'm reading that to get the MPI you have to be basically healthy for the previous two years. I had a mini heart attack 21 months ago, I've been perfect since with no follow up appointments or medication, do they ask for a medical report from my doctor and what sort of questions does the nurse ask in the tele interview? I'm afraid to fill in the MPI form until the 24 months (3 months time) have passed. I'm on my own and I'd really appreciate some help on this. Thanks.

Hi I'm just wondering how you got on when you were turned down by the councils MPI. I had a mini heart attack 21 months ago, I've just been approved with SDCC and I'm worried about the MPI.

Thanks for getting back to me, I really appreciate your help. I've got this far and it wasn't easy as I'm by myself and all I want is my own wee place.

HI all - Sale Agreed on a doer upper & when we got the Engineer's report we panicked a bit and also got onto a broker to see if we can go another route if the council refuses. Broker says the banks are very picky also about buying a house that needs work - need to see fully costed work required & ability to pay for same via savings. Can anyone explain this to me? Are you no longer able to buy a property that needs work unless you can pay for that work immediately?

Unless things have changed, then it will more than likely be a no from the council. I went sale agreed on an apartment in October 2020. The survey found that the doors weren't fire doors and so had to be replaced and it was a flat no from the council after that. They said they had to be replaced by the current owner or they would not issue the loan. There were a few other things like replacing the smoke alarms, but they were all small things. I ended up being able to save for another 6 months and went with Bank of Ireland instead for a different apartment in the same place and had no issues at all getting the mortgage from them.

I would say get onto your council asap, maybe things have changed or maybe it's different from council to council, but that was the experience I had.

Send the report in to them and see what they say. That's the only way you'll get a concrete answer. Like I mentioned in my post above, it was a flat out no from my council (different to yours), but each council may do it differently.

Hi I've just been turned down on medical grounds. They said that I didn't meet the eligibility criteria. Where do I go from here if anywhere. Any information would be greatly appreciated.

think you need to try and get your own MPI sorted now? I would start googling and get a few quotes

Insurance providers - try Chill.ie or bonkers.ie - MPI is the same as life insurance afaik

Hi all,

We applied for the Fingal Local authority home loan in January. Two weeks ago we received Notice to Quit from our current landlord.

The week after we received an email to say application had gone to Housing Agency the last week somebody emailed to say that they were processing our application.

Could anybody give us an indication how long the decision might take? We are feeling pretty desperate - hence me being here at 2.25 am.

Councils seem to vary on which ones accept online calculators and which don't. I applied with Clare CoCo in 2020 and was originally told they accept the online calculators, but then when I actually applied was told they don't. Best to make sure with your council before you submit anything.

Thanks for the replies.

Did you take screenshots of the calculator? Just noticing that only AIB seem to give an actual printable file.