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Rebuilding Ireland home loan

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    #2492
    Sittingpretty
    Closed Accounts Posts: 4,872 ✭✭✭Sittingpretty


    I’m trying to get through all of these pages but there is so much to read :D

    Has anyone applied for this and been approved when only one person is working?


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    #2493
    kbman
    Registered Users Posts: 119 ✭✭kbman


    Sittingpretty wrote: »
    I’m trying to get through all of these pages but there is so much to read :D

    Has anyone applied for this and been approved when only one person is working?

    I'm sure several people fit that criteria, I fit into that category also, I was approved by 2 County Councils and continuing the process with Wicklow CC.
    Currently awaiting formal notification on extension to our inital 6 months.

    Best of luck with your application


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    #2494
    Sittingpretty
    Closed Accounts Posts: 4,872 ✭✭✭Sittingpretty


    kbman wrote: »
    I'm sure several people fit that criteria, I fit into that category also, I was approved by 2 County Councils and continuing the process with Wicklow CC.
    Currently awaiting formal notification on extension to our inital 6 months.

    Best of luck with your application

    Thank you so much for this info :)

    We are only at the very start of application but we are so used to being told no that we are not exactly hopeful.


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    #2495
    deedee26
    Registered Users Posts: 48 ✭deedee26


    Sittingpretty wrote: »
    I’m trying to get through all of these pages but there is so much to read :D

    Has anyone applied for this and been approved when only one person is working?

    I was approved as a single application.
    I was very lucky with all that is going on that my mortgage cheque arrived in my solicitors office in the middle of March and council agreed to do signing through registered post.


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    #2496
    gandalfio
    Registered Users Posts: 699 ✭✭✭gandalfio


    Has anyone heard when the local authorities are going to start accepting new applications again?


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    #2497
    Cheesepuffs
    Registered Users Posts: 32 ✭Cheesepuffs


    gandalfio wrote: »
    Has anyone heard when the local authorities are going to start accepting new applications again?


    Our CC never stopped. Just said there will be a delay


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    #2498
    gandalfio
    Registered Users Posts: 699 ✭✭✭gandalfio


    Cheesepuffs wrote: »
    Our CC never stopped. Just said there will be a delay

    Got a reply from Fingal this morning to say that they still aren't taking new applications and they have no time frame on when they will be.
    I wonder why others councils can still accept and process them while Fingal can't.


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    #2499
    Cheesepuffs
    Registered Users Posts: 32 ✭Cheesepuffs


    Anyone know what the below means and how long should it take roughly

    ‘All new applications are currently being forwarded as per procedure to the Housing Agency’


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    #2500
    Shellzer123
    Registered Users Posts: 24 ✭Shellzer123


    kotac24 wrote: »
    Hi sorry only now I saw this...
    Basically I was just waiting for the cheque and the keys, sale agreed 7th of January, final approval, all valuation and everything done, full deposits paid, contracts signed, all completed by the end of February... and since then just waiting... and then few weeks ago re-evaluation because of COVID-19, payslips again, salary certificates, solicitors and owners going crazy etc... we are going crazy etc... :)
    We are dealing with Fingal County Council, and also I understand them they have to re-evaluate things because of COVID etc, but this waiting is killing us, we packed all of the things in March as my wife is pregnant and we were hoping that the new baby will come in the new house, but baby didn't wait that long, he came yesterday in the old apartment, so currently unpacking bunch of boxes around etc... :D

    Hi kotac, congratulations on the baby. Happy times ahead for u both. Hopefully u get the keys and loan cheque soon.
    Im still waiting to hear back from them so fingers crossed its soon


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    #2501
    Dankarl
    Registered Users Posts: 38 ✭Dankarl


    Can anyone tell me what are the steps to this application?

    What happens when you post to the local CC?


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    #2502
    tealover6
    Registered Users Posts: 5 ✭tealover6


    Hi we are just starting to look into this now, I have tried to read through all comments. So just want to confirm but we are applying as a joint mortgage on one income . (34,000) we pay rent of €1000 a month - no other big expenses just the usual bills, we are hoping to clear debt and just save 30% of our deposit over the next 12 months -we can get the other 70% off family- and Then we should be in an ok position to try get a small mortgage with rebuilding Ireland Scheme? the calculator is saying around 140,000 ( we live in an area that we could get something for this at a stretch). I haven’t seen anything about kids playing a factor in the decision has anyone found otherwise? As we have 3. Is there anything I am leaving out or not thinking of and has anyone managed to get offered something on similar figures?


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    #2503
    The_Brood
    Closed Accounts Posts: 838 ✭✭✭The_Brood


    Waiting to hear back half a year now following application, always told it is "with underwriter but there is a backlog."

    That may be but....this is human beings you are dealing with. Not rocks. Who exactly can wait forever? It seems they know people are desperate and have nowhere else to turn to and there is no oversight process to make sure at least half-reasonable time frames are being adhered to. It's not "Rebuilding Ireland" it's "Make Ireland wait on application forms until it croaks."


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    #2504
    Sulli83
    Registered Users Posts: 15 ✭Sulli83


    Anyone with approval receive an e mail this week stating the their County Council had received new guidance on Rebuilding Ireland Loan Application from department?

    We were initially asked to provide confirmation that employment status hadn't changed for either myself or my partner which fortunately it hadn't. We then received a strange and ambiguous e mail including the statement in the above paragraph.


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    #2505
    kbman
    Registered Users Posts: 119 ✭✭kbman


    Sulli83 wrote: »
    Anyone with approval receive an e mail this week stating the their County Council had received new guidance on Rebuilding Ireland Loan Application from department?

    We were initially asked to provide confirmation that employment status hadn't changed for either myself or my partner which fortunately it hadn't. We then received a strange and ambiguous e mail including the statement in the above paragraph.

    Nope, I haven't received any emails like that, but i'm not sure if the admin in my CC is back yet.
    If the information in the email isn't specific, i'd call the CC your dealing with about it.
    You'd be best to contact the admin in your CC if you receive those types of emails, could be valid, but could be a ploy to get some data


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    #2506
    Sulli83
    Registered Users Posts: 15 ✭Sulli83


    kbman wrote: »
    Nope, I haven't received any emails like that, but i'm not sure if the admin in my CC is back yet.
    If the information in the email isn't specific, i'd call the CC your dealing with about it.
    You'd be best to contact the admin in your CC if you receive those types of emails, could be valid, but could be a ploy to get some data

    Thanks, that's definitely what we need to do now. It's pretty difficult to get a hold of anyone dealing with the Rebuilding Ireland Loan in our CC and has been throughout the process even pre-COVID. We sent a response e-mail but haven't received a reply. The admin dealing with our application ended their previous correspondance with 'a further email will issue shortly', that was a number of days ago.


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    #2507
    Junadl
    Registered Users Posts: 128 ✭✭Junadl


    Hi guys. So we have just posted back the Mortgage protection scheme forms. Does this mean we have a chance of getting the mortgage? As we haven't been formally offered it yet but I presume we will if we had to sign mortgage protection forms?
    Anyone know?


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    #2508
    WhatsUp2014
    Registered Users Posts: 29 ✭WhatsUp2014


    Hello ,

    I was wondering if I could get some advice I am thinking of applying as a sole applicant for a mortgage in the Midlands area , what's is the criteria when filling out the form as it asks for the address that you want to apply for. I have read on this forum people just got approval and then went to look at houses how do you apply then pick out a house upon approval also does someone applying alone to buy a house usually get approval


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    #2509
    Lwoods90
    Registered Users Posts: 31 ✭Lwoods90


    WhatsUp2014 wrote: »
    Hello ,

    I was wondering if I could get some advice I am thinking of applying as a sole applicant for a mortgage in the Midlands area , what's is the criteria when filling out the form as it asks for the address that you want to apply for. I have read on this forum people just got approval and then went to look at houses how do you apply then pick out a house upon approval also does someone applying alone to buy a house usually get approval


    Hi,
    We applied and was told we can nominate a house at a later date.


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    #2510
    kbman
    Registered Users Posts: 119 ✭✭kbman


    Cheesepuffs wrote: »
    Anyone know what the below means and how long should it take roughly

    ‘All new applications are currently being forwarded as per procedure to the Housing Agency’


    I'm case you didn't get the answer already, you can apply yo several cc's based on areas where you'd like to consider looking. Each council sends your application to the housing agency for underwriting/credit checks etc. Once this comes back to the council, a credit committee meeting is held where they Confirm who will be given approval in a block of a number of applications as I understand it.

    Best of luck


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    #2511
    Dankarl
    Registered Users Posts: 38 ✭Dankarl


    Hi,

    Can I ask if the calculator amount is equal to the amount offered?

    Our offer from Main Street Banks is €92,000 ( 2 kids ). Could we actually get a family home based on RBI calculator.


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    #2512
    raheny red
    Registered Users Posts: 2,564 ✭✭✭raheny red


    raheny red wrote: »
    The MPI payments are suppose to go down after 12 months? We're with Fingal since Feb 2019 and we're still repaying the exact amount. Anyone else in the same position or see a drop in theirs after a year? Thanks.

    Going down next month by €3. Yesssssss.


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    #2513
    kiva989
    Registered Users Posts: 141 ✭✭kiva989


    Mine has done down by about 2 euro with FCC.

    Has anyone who has ever gotten the Rebuilding Ireland Home Loan been successful in moving their MPI from the one the council hooks you up with to an alternative one you can source yourself?

    The difference in cost is outrageous.


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    #2514
    hairyprincess
    Registered Users Posts: 2,290 ✭✭✭hairyprincess


    If I apply for a mortgage of say for example €100k and I put an offer on a house which gets accepted at €98k, do I just get the €98k or do I get the €100k?


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    #2515
    Lwoods90
    Registered Users Posts: 31 ✭Lwoods90


    hairyprincess wrote: »
    If I apply for a mortgage of say for example €100k and I put an offer on a house which gets accepted at €98k, do I just get the €98k or do I get the €100k?


    Sadly just the amount you went sale agreed at I think


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    #2516
    BKWDR
    Registered Users Posts: 2,172 ✭✭✭BKWDR


    kiva989 wrote: »
    Mine has done down by about 2 euro with FCC.

    Has anyone who has ever gotten the Rebuilding Ireland Home Loan been successful in moving their MPI from the one the council hooks you up with to an alternative one you can source yourself?

    The difference in cost is outrageous.

    Its in the terms of the scheme that you have to be on the groupscheme, once you have taken out the loan with MPI, it's included to the end. From what i've read on here its expensive but it covers you for a lot.


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    #2517
    Sittingpretty
    Closed Accounts Posts: 4,872 ✭✭✭Sittingpretty


    When you first submit your application forms and all documents requested, do you get an acknowledgment of receipt?


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    #2518
    Lwoods90
    Registered Users Posts: 31 ✭Lwoods90


    Sittingpretty wrote: »
    When you first submit your application forms and all documents requested, do you get an acknowledgment of receipt?


    We didn’t, we submitted to 2 councils and both didn’t send anything.


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    #2519
    kbman
    Registered Users Posts: 119 ✭✭kbman


    Sittingpretty wrote: »
    When you first submit your application forms and all documents requested, do you get an acknowledgment of receipt?

    With us, we got a letter from 2 councils we submitted with a reference number that we should use for correspondence and that the application has been received.


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    #2520
    gnr vr fan
    Registered Users Posts: 42 ✭gnr vr fan


    Dankarl wrote: »
    Hi,

    Can I ask if the calculator amount is equal to the amount offered?

    Our offer from Main Street Banks is €92,000 ( 2 kids ). Could we actually get a family home based on RBI calculator.

    Yes it was with me the same.


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    #2521
    gnr vr fan
    Registered Users Posts: 42 ✭gnr vr fan


    Junadl wrote: »
    Hi guys. So we have just posted back the Mortgage protection scheme forms. Does this mean we have a chance of getting the mortgage? As we haven't been formally offered it yet but I presume we will if we had to sign mortgage protection forms?
    Anyone know?

    Yes it means you have a chance. I assume you have approval in principle at the mo.

    In my case I was given the Approval In Principle at the same time I was given the MPI forms.


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