Saving/Applying for a mortgage 2020-22 Edition

Worth a conversation with a broker or even directly with a bank to advise you on this one. I would likely say that yes it would affect you if your letter from employer specifically stated that you had a contract end date. It depends on what your letter from employer might say.

Having said that the timelines for public sector can be painfully slow and you may have it across the line before a change.

I would wait until after the drawdown.

You never know when they could ask for a recent bank statement, and having less of a balance in the account might raise some questions.

I have never had a loan from a bank or credit union A family member loaned me 8000 to buy a car which I repaid within a year I have a direct debit to a savings account 400 per month I have been saving with it for 2 years I pay rent 450 per month Will no record of repaying a loan be an issue?

20% deposits and 2.5 lending limits fast approaching. Great Reset is gathering pace, as there is no pushback.

Hi there,

has anyone recently been through the underwriting process with BOI. Our case application was just submitted today. BOI seem very thorough so feel they have a good solid case, how long should I expect the next steps to take?

also going through EBS but they seem extremely slow

Our family GP retired and I amn't registered with one at the moment - would this be an impediment to getting mortgage protection?

Does anyone know how long is PTSB taking to give full credit approval once the application and all the paperwork has gone in? We submitted through a broker on Monday, and they came back on Wednesday looking for a couple of documents whihc I got to them on Thursday!

Their website says 72 hours but the broker said not a chance, all the lenders on backed up with switch etc right now... Be good to have an idea of when though!

Not yet, our broker said 3-4 weeks to hear back - we also applied on the 26th September! Everybody is rushing to switch and fix with the interest rates and there is a huge backlog. Let us know when you hear back!

Hi guys so I'd appreciate a little bit of advice on this.

I'm currently sale agreed on my apartment, mortgage free, due to close in the next few weeks, everything still seems to be going ahead as planned despite recent developments. My plan was to sell up, live with my friend for a while. Do the whole 6 months savings thing (I'd have the deposit already from apartment sale) and clear up my bank account (Few betting transactions etc..) and then get a mortgage.

However a place has come up that I've got word they'd accept a certain price. As it stands I've no savings but I am paying back a bank loan that I received a year ago and I topped up last month (so my bank has proved it will give me finance if needed already). If I was to pay off this loan in full using the proceeds from apartment sale I'd need a 30% mortgage and these mortgage repayments would be less per month than the current amount I'm paying off the personal loan.

Do you reckon I should approach the bank now or wait until the sale goes through so I have the proceeds there and would you advise putting an offer in on the property or waiting until I get confirmation from the bank on acceptance of mortgage.

For formal loan offer? Were you asked for extra documents etc. I have not even been asked for any further queries on what we submitted which we were told to expect.

I was asked for a few additional documents during that time alright, but it was at least 2-3 weeks before I heard anything.

not sure have I missed something or if this could be major news for irish house buyers?

As can every other couple in the same situation now I guess. That 194k house is now going to sell for 220k I fear.

We were sent reference number today so looks like they've just picked up file now. Broker reckons could be 7 to 10 days from this point.