Saving/Applying for a mortgage 2020-22 Edition

Did you go through a broker ?

They had my documents for about 8 days. It went to the underwriter last firday. Hoping to hear back next week which they said about 8 days.

Did they ask you any questions prior to going to the underwriter?

I presume you have heard by now?

Looks like it'll be sent Monday to underwriter for us, told us they have all they need!

I presume once it's through underwriter then it goes to issuing loan documents to sign?

Hoping to get a loan offer by end of the next week so wondering if anyone had discussion with their solicitor about putting a clause "Subject to Loan" to have a layer of protection regarding 10% deposit that is paid to the vendor. Hope I am wrong here but I have an impression that banks can request all sorts of documentations, even after the contracts are signed. Maybe I am overthinking but wouldn't be pleasant to loose 50K.

Anyone drawdown with PTSB recently did it take long from when the solicitor requested the funds from the bank to when they released them to the Solicitor ? I know they have to do final checks just trying to gauge how long that takes ?

Anyone else waiting a long time for underwriter approval with Bank of Ireland? It's been over 3 weeks since it transitioned from "preparing application for underwriter review". We had to upload documents again that we've previously submitted earlier in the process but our mortgage specialist has said we have everything in now. We have our snag and survey done so it's the only thing holding us up. With initial AIP received in early September we are finding this very frustrating with the sluggish document requests. Any help would be appreciated! Thanks

We were told 10 to 12 days. Currently day 8 now and we havnt had any feedback. I'm assuming this is good but could be wrong.

Did the underwriter ask you for anything further?

I just checked my mortgage hub account today( Day 9), it seems all my documents have been assessed and accepted except for the PPSN documents. I also now have a tab under these documents called repayment ability, which has been assessed and accepted, Green ticks beside all documents.

Waiting on a phone call now as I assume they have reviewed everything.

Ours just got approved today, it was 10 days in total.

We were told that the issuing of the loan offer to the solicitor will take about a week or so due to big backlogs and the December 9th deadline for people drawing down on previous interest rates.

We signed our side of the loan offer today how ever as they sent this straight over to our emails.

Anyone have any recent experience with Finance Ireland? We're in the process of selling our house to someone who's with Finance Ireland. They negotiated a discount on the place based on their survey, which we accepted, but that was back at the beginning of October and we're still waiting for their updated loan offer to come through. Apparently, all FI needs to do is send the updated loan offer pack to our purchaser's solicitor, but we heard that almost 10 working days ago. Is this normal for FI, or should we be worried?

We were really hoping to be in our new home by Christmas, but with all these delays, it's seeming less and less likely...! 😬

Our application went to the underwriter at the Bank of Ireland on the 17th of November and we are still waiting. We were also told to wait 10 business days but clearly that timeline has lengthened.

Just checked and ours went to underwriter on Nov 22nd so I'm 3 business days behind you! Very frustrating at this stage! Nothing from PTSB either. Have AIP from EBS but they're slightly dearer.

We got it yesterday evening. Hopefully, you will have yours by the end of the week. Good luck

Thee bank has passed the case to credit and we will have an update within 7-10 working days.

Anyone be able to tell me what this means?!

No, I work in the IT industry and was able to drawdown 2 days ago without them asking for this