Saving/Applying for a mortgage 2020-22 Edition

They seem to be desperately slow! BOI have had our documents for 2 weeks now and keep coming back every 2 days looking for more but we're no closer to going to underwriter. EBS on the other hand were 4 days for underwritten AIP. Found them very speedy.

On that note, has anyone any experience with EBS as a mortgage provider? I've never banked with them before so curious.

I was 6 weeks waiting for PTSB underwritten AIP. Applied Sept. 26th.

Quick question that actually wont apply until next year. Myself and my partner are both in probation which we will be out of next September so can't apply until then, we will have 35k saved for a deposit and are planning a self build. I'm not planning on drawing down the mortgage until the new year (2024) as we will then qualify for the full 30k help to buy. Can we start the process in september/october hoping to draw down in January or will they not consider the 30k help to buy until we can show we certainly will qualify (we will have our return for all years and our payslips will show we will be over the necessary amount by the time we are applying)

No the underwriter didn't ask any questions at all. Our mortgage advisor had asked loads though and asked for extra documents so I was expecting the underwriter wouldn't need to ask anything else!

Fingers crossed you get approval with BOI! The rate increases are a pain.

Thank you, clear explanation.

As you said, once the fixed term is about to expire one would likely switch to wherever the cheapest rate is.

I presume you have heard by now?

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 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

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