Rebuilding Ireland home loan

dawidnowak2005 · 11-11-2020 12:07am

Lauren52 wrote: »

Hi, ours was back last Thursday , they had a meeting last Wednesday , there wont be one this week, I got an email to say hopefully next week, but sure who knows, be soon enough though, we have waited this long, what's another few weeks ! The lady I am dealing with said she would let me know next week when one was set. I will post here if I hear anymore.

Do You mind me asking when You sent your application in first?

Thank you so much for this, hopefully they will have one soon, if you don’t mind please post if you will get any update, we checking here few times per day for any even scrap of news:-) we applied June this year

Lauren52 · 11-11-2020 12:37am

dawidnowak2005 wrote: »

Thank you so much for this, hopefully they will have one soon, if you don’t mind please post if you will get any update, we checking here few times per day for any even scrap of news:-) we applied June this year

Oh I know the feeling , constantly checking emails , boards , all day everyday. I will send you a message once I get word.

Hopefully wont be to long.

bonelesscalvin · 11-11-2020 2:25am

Submitted my application on Monday to DCC. How was peoples experience with them and how long did it takes yous?

My situation is a bit different. The property I am buying off a family friend is a council shared ownership development so no normal bank will give me a mortgage on it (€135,000 sale price). The estate management said I have to get a mortgage through RIHL. Called them up and due to this I didn’t have to provide 2 letters of refusal from banks only an email saying the bank can only draw down on private property. €121,500 I’m looking for off them (I have 10% deposit and 5k solicitor fees already saved) fingers crossed!!

Alanoshea1 · 11-11-2020 10:33am

Am i the only one who can't see the chat function on the RBI site? I've also tried to call RBI and they don't seem to actually have a contact line? They only refer me to the site for the webchat that isnt there.

The guy on the phone in my city council is unfortunately extremely unhelpful. Also I presume its ok to ring my county council for information even though im not applying to them?

A

Throwdown · 11-11-2020 10:48am

Antho12 wrote: »

6 weeks for me with DCC, this was in September this year. Good luck

Wow, that's good to know!

Thanks for the response!

SCLW89 · 11-11-2020 10:55am

Alanoshea1 wrote: »

Am i the only one who can't see the chat function on the RBI site? I've also tried to call RBI and they don't seem to actually have a contact line? They only refer me to the site for the webchat that isnt there.

The guy on the phone in my city council is unfortunately extremely unhelpful. Also I presume its ok to ring my county council for information even though im not applying to them?

A

They have closed their phone lines since covid I think!
But the online chat is very quick, they respond straight away and are very helpful anytime I've asked anything. When on mobile view there's a small orange chat logo on the bottom right of the screen? Not sure if you're using a desktop!

Alanoshea1 · 11-11-2020 11:13am

Have tried on phone and computer and it does not seem to be there for me? Hopefully its not a sign lol

Lauren52 · 11-11-2020 11:34am

Alanoshea1 wrote: »

Have tried on phone and computer and it does not seem to be there for me? Hopefully its not a sign lol

They have not closed phone lines, I have got through on the phone, Granted not every time , but definitely they are answering them

Email the housing loans email address, You should find that on your County Council website.

KH1591 · 11-11-2020 11:39am

I just used the chat! Go to the RI Loan page, scroll down to the end where How Much Can I Borrow and Am I Eligible are and it should be on the bottom right corner! This was on a desktop

jill_valentine · 11-11-2020 12:00pm

I think the Chat comes and goes when there's nobody on hand to monitor it, but yes, I had difficulty getting it.

It may be worth trying a different browser and making sure you're not blocking pop ups etc too. Just did a quick check and it's appearing on my mobile's browser but not the full site on my laptop for whatever reason.

Salanky · 11-11-2020 1:47pm

The chat function is affected by your cookie settings. There should be a settings cog on the bottom left of the screen and you click that. It has three opitons in it and one is for Zendesk Chat. This has to be on to allow the chat icon to be there.

Alanoshea1 · 11-11-2020 7:49pm

Salanky wrote: »

The chat function is affected by your cookie settings. There should be a settings cog on the bottom left of the screen and you click that. It has three opitons in it and one is for Zendesk Chat. This has to be on to allow the chat icon to be there.

Got I sorted, was cookie related:). Thanks for the replies much appreciated

jill_valentine · 12-11-2020 1:39am

I've seen it suggested people should look for solicitors who are familiar with the Rebuilding Ireland scheme.

I know it's probably ropey to explicitly recommend to warn off using particular solicitors, but would it be kosher to note - "this solicitor is experienced with RI"?

jessimirish · 12-11-2020 10:59am

Hey guys, anyone else's application with DCC and waiting to go to the credit committee? Anyone know how often they are?

I messaged last week and they said they didn't know when the next one would be, but my application came back from the underwriters in early October so has been waiting since then. I know these things take time, but just want to get a sense of roughly when it all might happen (sent in my application on September 8).

Carol84 · 12-11-2020 11:01am

Hi guys, just wondering does anyone know how difficult it is in getting this mortgage, myself and partner are on a low income he is on a scheme and I work in chilldcare so not exactly the best paid job out there we are currently renting so can def afford repayments. Is there anything we can do to help our chances in being successfull

Jafin · 12-11-2020 11:51am

Carol84 wrote: »

Hi guys, just wondering does anyone know how difficult it is in getting this mortgage, myself and partner are on a low income he is on a scheme and I work in chilldcare so not exactly the best paid job out there we are currently renting so can def afford repayments. Is there anything we can do to help our chances in being successfull

It's not super difficult, it can just be a fairly long process. Easiest thing to do is check the calculator on the Rebuilding Ireland website. That will give you an idea of how much you would qualify for. You will definitely qualify for something, it may just not be the amount you want/need.

ABCD_1234 · 12-11-2020 12:51pm

Carol84 wrote: »

Hi guys, just wondering does anyone know how difficult it is in getting this mortgage, myself and partner are on a low income he is on a scheme and I work in chilldcare so not exactly the best paid job out there we are currently renting so can def afford repayments. Is there anything we can do to help our chances in being successfull

Check out the online calculator and checklist on the application form. That’ll give you a good idea. Some County Councils are more difficult than orhers..

KH1591 · 12-11-2020 1:48pm

Has anyone purchased a new build with this scheme? If so, has the valuation report been done off the plans for the house? Ours won't be ready until spring so the report will need to be done from the plans.

kbman · 12-11-2020 10:27pm

KH1591 wrote: »

Has anyone purchased a new build with this scheme? If so, has the valuation report been done off the plans for the house? Ours won't be ready until spring so the report will need to be done from the plans.

We're in that exact scenario with a new build.
We got AIP in August 2019, and Signed Contract for Mortgage and Building Contracts in October 2019.
House has just been completed end of October and we've got our first snag done.
Awaiting builder to come back to us on completion of these bits.
The valuation was done yesterday.

We're hoping to draw down by the end of the month.

I believe it'd be the same in your case, although building times may vary.
In our case, Irish Water seems to be holding up the show and delaying each row. A colleague of mine in a different council had no such delays that i'm aware of and quicker building times due to less customisations in the house allowed.

You'd be best to contact the Council where the new build you're looking at is to confirm.

Best of luck

Salanky · 13-11-2020 12:48pm

For those wondering if its possible to buy a house as a single person with this scheme....the answer is yes! I'm collecting my keys today to my dream house. It took maybe 10 years to get here but I'm here. I went through Louth and have had no huge issues along the way. The odd hiccup with paperwork taking a while but nothing major. Sale agreed to closed was 16 weeks to the day. For those pulling their hair out along the journey remember why you are doing this, it will pass and you will come out the other side with your very own house. All the stress of getting it will be forgotten when those keys hit the palm of your hand.

KH1591 · 13-11-2020 1:06pm

Salanky wrote: »

For those wondering if its possible to buy a house as a single person with this scheme....the answer is yes! I'm collecting my keys today to my dream house. It took maybe 10 years to get here but I'm here. I went through Louth and have had no huge issues along the way. The odd hiccup with paperwork taking a while but nothing major. Sale agreed to closed was 16 weeks to the day. For those pulling their hair out along the journey remember why you are doing this, it will pass and you will come out the other side with your very own house. All the stress of getting it will be forgotten when those keys hit the palm of your hand.

Thanks so much for posting this! Congratulations, you must feel so relieved to finally have your dream home! Best of luck with everything!

beanyb · 13-11-2020 1:40pm

Salanky wrote: »

For those wondering if its possible to buy a house as a single person with this scheme....the answer is yes! I'm collecting my keys today to my dream house. It took maybe 10 years to get here but I'm here. I went through Louth and have had no huge issues along the way. The odd hiccup with paperwork taking a while but nothing major. Sale agreed to closed was 16 weeks to the day. For those pulling their hair out along the journey remember why you are doing this, it will pass and you will come out the other side with your very own house. All the stress of getting it will be forgotten when those keys hit the palm of your hand.

Congratulations!

ABCD_1234 · 13-11-2020 2:20pm

Salanky wrote: »

For those wondering if its possible to buy a house as a single person with this scheme....the answer is yes! I'm collecting my keys today to my dream house. It took maybe 10 years to get here but I'm here. I went through Louth and have had no huge issues along the way. The odd hiccup with paperwork taking a while but nothing major. Sale agreed to closed was 16 weeks to the day. For those pulling their hair out along the journey remember why you are doing this, it will pass and you will come out the other side with your very own house. All the stress of getting it will be forgotten when those keys hit the palm of your hand.

Brilliant! Congratulations!!!

jessimirish · 13-11-2020 5:36pm

Salanky wrote: »

For those wondering if its possible to buy a house as a single person with this scheme....the answer is yes! I'm collecting my keys today to my dream house. It took maybe 10 years to get here but I'm here. I went through Louth and have had no huge issues along the way. The odd hiccup with paperwork taking a while but nothing major. Sale agreed to closed was 16 weeks to the day. For those pulling their hair out along the journey remember why you are doing this, it will pass and you will come out the other side with your very own house. All the stress of getting it will be forgotten when those keys hit the palm of your hand.

Ahh amazing! Congratulations. I'm applying as a single person so this is great to hear! Inspiring stuff.

Lwoods90 · 13-11-2020 6:12pm

Hi,

For anyone who is still waiting and thinking your turn will never come, my advice is don’t give up no matter how stressful it gets.

After been offered way less then the market value from the banks because of our two kids, we moved into our new forever family home this week all thanks to the Rebuilding Ireland Home Loan.

The owl saying goes ‘What’s for you, won’t pass you’. Good luck to everyone still hanging in there. Our time frame was March to November.

Keep believing and stay safe.

L

KH1591 · 13-11-2020 6:24pm

Lwoods90 wrote: »

Hi,

For anyone who is still waiting and thinking your turn will never come, my advice is don’t give up no matter how stressful it gets.

After been offered way less then the market value from the banks because of our two kids, we moved into our new forever family home this week all thanks to the Rebuilding Ireland Home Loan.

The owl saying goes ‘What’s for you, won’t pass you’. Good luck to everyone still hanging in there. Our time frame was March to November.

Keep believing and stay safe.

L

Congratulations and best of luck in your new home!! Thanks for posting!! We'll all get there!!

Scr88 · 13-11-2020 9:21pm

beanyb wrote: »

Congratulations!

Huge congrats. Enjoy every minute in you new home.

valarmorghulis · 14-11-2020 10:24am

Hi, I was just wondering what people thought of the following news regarding the scheme.

I never knew the approvals were so low and it seems the increase in interest rate from 2% to 2.75% in Jan 2020 is putting people off along with the extortionate MPI. Avant now has a 1.95% mortgage with KBC and AIB offering 2.3% mortgages fixed for 3 years.

It's my understanding the ESRI advised the government to increase the interest rates as were higher risk borrowers, however this was meant to be an affordable housing scheme for first time buyers not a high risk mortgage group scheme.

https://www.irishtimes.com/business/personal-finance/why-won-t-the-state-offer-cheap-loans-to-homebuyers-1.4405728
https://www.irishtimes.com/business/economy/approvals-for-government-s-home-loan-scheme-plummet-60-1.4405691

"235 home loans were approved in the first six months of 2020 and was even down 37% pre lockdown for Q1"
"Last year 140 home-buyers were approved for the scheme in the first six months of the year; this year. however, just 56 were."
"140 people approved in Dublin City for Jan-Jun 2019 vs 56 people for Jan-Jun 2020"

I also had one last question about gift letters. Banks have them as a standard template letter but RBI doesnt. Does this mean that as long as you can explain any deposits not from salary, but gifted from parents, this will suffice. For exp if they are amounts to assist with gathering deposit over a year rather than 1 lump sum. Obviously you need a minimum of 30% of this deposit amount must come from consistent and regular savings, but just wondering what exactly do they require for any amounts non salary from parents.

Thanks

KH1591 · 14-11-2020 11:41pm

Quick question, little confused.
Has anyone received their approval in principle and signed contracts on a new build with this?
They say you can't get the full approval without the valuation report but to secure a new build you need to sign contracts early to have the home ready for this report to be done.
Very confused as I didn't know this was how it was done and I wasn't aware you were able to sign and pay 10% on a house with just the approval in principle.
Any help would be great.

Sarahedel1991 · 15-11-2020 12:23am

Hey! We just got our approval in principle letter. We already paid a 5000 deposit for a new build that will be ready in March. We haven't done any evaluation /engineers report etc. We've just got a solicitor so far.

I'm in the same boat as yourself, not sure where to go from here, the council said to contact them when the house is fully complete for the report to be done. Will it take ages then for funds to be sent over I wonder... They weren't very clear on the next Steps!

KH1591 wrote: »

Quick question, little confused.
Has anyone received their approval in principle and signed contracts on a new build with this?
They say you can't get the full approval without the valuation report but to secure a new build you need to sign contracts early to have the home ready for this report to be done.
Very confused as I didn't know this was how it was done and I wasn't aware you were able to sign and pay 10% on a house with just the approval in principle.
Any help would be great.

KH1591 · 15-11-2020 12:26am

Sarahedel1991 wrote: »

Hey! We just got our approval in principle letter. We already paid a 5000 deposit for a new build that will be ready in March. We haven't done any evaluation /engineers report etc. We've just got a solicitor so far.

I'm in the same boat as yourself, not sure where to go from here, the council said to contact them when the house is fully complete for the report to be done. Will it take ages then for funds to be sent over I wonder... They weren't very clear on the next Steps!

Its very confusing isnt it? Like you they say they can only accept the valuation report on the house fully ready to move into, but how do we do this without signing contracts and paying the full 10% deposit? You'd be doing it with just an AIP so to me it feels like a gamble with your entire deposit! Very confusing!

SCLW89 · 15-11-2020 12:44am

Sarahedel1991 wrote: »

Hey! We just got our approval in principle letter. We already paid a 5000 deposit for a new build that will be ready in March. We haven't done any evaluation /engineers report etc. We've just got a solicitor so far.

I'm in the same boat as yourself, not sure where to go from here, the council said to contact them when the house is fully complete for the report to be done. Will it take ages then for funds to be sent over I wonder... They weren't very clear on the next Steps!

Hi Sarahedel1991 as far as I can remember was it cork co co you applied with?? How long did it take from date of application to aip??

Antho12 · 15-11-2020 11:33am

valarmorghulis wrote: »

Hi, I was just wondering what people thought of the following news regarding the scheme.

I never knew the approvals were so low and it seems the increase in interest rate from 2% to 2.75% in Jan 2020 is putting people off along with the extortionate MPI. Avant now has a 1.95% mortgage with KBC and AIB offering 2.3% mortgages fixed for 3 years.

It's my understanding the ESRI advised the government to increase the interest rates as were higher risk borrowers, however this was meant to be an affordable housing scheme for first time buyers not a high risk mortgage group scheme.

I also had one last question about gift letters. Banks have them as a standard template letter but RBI doesnt. Does this mean that as long as you can explain any deposits not from salary, but gifted from parents, this will suffice. For exp if they are amounts to assist with gathering deposit over a year rather than 1 lump sum. Obviously you need a minimum of 30% of this deposit amount must come from consistent and regular savings, but just wondering what exactly do they require for any amounts non salary from parents.

Thanks

I’m with AIB so I used the AIB gift letter template in my Rebuilding Ireland application to justify the amounts received as a gift. Later when you find a property, prior to signing the contracts your solicitor might have your parents sign an official form to legally remove any claim they may have over the property.

Regarding what you mentioned, 3 years out of a 25 or 30 years long mortgage is nothing. One of the benefits with Rebuilding Ireland is that you’re on a fixed rate for the whole duration of your mortgage. Banks may offer a lower % for the first couple of years and then they’ll most likely move you to a variable rate. The main benefit with Rebuilding Ireland is that they can lend you a much bigger amount compared to banks.

Good luck

jill_valentine · 15-11-2020 3:37pm

valarmorghulis wrote: »

Hi, I was just wondering what people thought of the following news regarding the scheme.

I never knew the approvals were so low and it seems the increase in interest rate from 2% to 2.75% in Jan 2020 is putting people off along with the extortionate MPI. Avant now has a 1.95% mortgage with KBC and AIB offering 2.3% mortgages fixed for 3 years.

It's my understanding the ESRI advised the government to increase the interest rates as were higher risk borrowers, however this was meant to be an affordable housing scheme for first time buyers not a high risk mortgage group scheme.

https://www.irishtimes.com/business/personal-finance/why-won-t-the-state-offer-cheap-loans-to-homebuyers-1.4405728
https://www.irishtimes.com/business/economy/approvals-for-government-s-home-loan-scheme-plummet-60-1.4405691

"235 home loans were approved in the first six months of 2020 and was even down 37% pre lockdown for Q1"
"Last year 140 home-buyers were approved for the scheme in the first six months of the year; this year. however, just 56 were."
"140 people approved in Dublin City for Jan-Jun 2019 vs 56 people for Jan-Jun 2020"

I also had one last question about gift letters. Banks have them as a standard template letter but RBI doesnt. Does this mean that as long as you can explain any deposits not from salary, but gifted from parents, this will suffice. For exp if they are amounts to assist with gathering deposit over a year rather than 1 lump sum. Obviously you need a minimum of 30% of this deposit amount must come from consistent and regular savings, but just wondering what exactly do they require for any amounts non salary from parents.

Thanks

Being honest, it's hard not to think the government's housing schemes - RI and HTB - are in many ways designed to fail. The interest bumps are indeed a bit of a kick in the teeth.

The fixed interest rate is a great bit of reassurance long term, so it isn't a total waste of time but IMHO the only real benefit of RI is that it disregards the standard salary cap.

I say this as somebody who managed to thread the needle and qualify for RI, it has a lot of issues and the discrepancies like the ones you highlight underline the conflicts between intended purpose and effect, and how one agency/official can treat one thing as gospel while another is totally different.

In the end RI will make the difference between me getting somewhere to live and not, but I am absolutely an exception.

Lauren52 · 15-11-2020 4:08pm

jill_valentine wrote: »

Being honest, it's hard not to think the government's housing schemes - RI and HTB - are in many ways designed to fail. The interest bumps are indeed a bit of a kick in the teeth.

The fixed interest rate is a great bit of reassurance long term, so it isn't a total waste of time but IMHO the only real benefit of RI is that it disregards the standard salary cap.

I say this as somebody who managed to thread the needle and qualify for RI, it has a lot of issues and the discrepancies like the ones you highlight underline the conflicts between intended purpose and effect, and how one agency/official can treat one thing as gospel while another is totally different.

In the end RI will make the difference between me getting somewhere to live and not, but I am absolutely an exception.

This is it, its about being able to borrow more, I have rented for 11 years. Never missed a rent payment or a bill. Saved for the last 3 years and finally have 10%. We earn to much to be eligible for a council house. We were living in a rented house for 7 years as a family when the landlord sold. This left us with having to pay nearly double the rent we were paying because of the extortionate rent prices now. If we were to get a mortgage from a bank , we couldn't afford to live anywhere close to where our children go to school, where we work and where our family and friends work. When I say close we would literally have to move well over an hour away or more. So with RI it means we can purchase a house that is closer to our family friends school and work life. All be it with a higher mortgage but also less than we pay in rent.

We are currently living in a 2bed apartment, with 2 children a girl and a boy who have to share a room.

Yes there is people a lot worse off than us, but we have worked so hard and hopefully it will pay off.

So as much as you might have to pay that little bit extra, at least you know how much every month for the foreseeable and will have the security , instead of fearing someone will come and sell the home you are renting .

JDigweed · 15-11-2020 6:37pm

Such a joke of a scheme. This is supposed to help people who earn a decent wage but for multiple reasons can't get enough of a loan from a bank. (1 income only etc).
They are following the same punitive criteria as a bank instead of taking a case by case approach.
A salary of 60k with 30,000 deposit and because of modest car loan of 15k they'll lend €140,000.....what good is that.
Rent on a house of 1250 paid for 5 years and counting.....is that not enough to prove ability to repay the amount requested

KH1591 · 15-11-2020 7:03pm

JDigweed wrote: »

Such a joke of a scheme. This is supposed to help people who earn a decent wage but for multiple reasons can't get enough of a loan from a bank. (1 income only etc).
They are following the same punitive criteria as a bank instead of taking a case by case approach.
A salary of 60k with 30,000 deposit and because of modest car loan of 15k they'll lend €140,000.....what good is that.
Rent on a house of 1250 paid for 5 years and counting.....is that not enough to prove ability to repay the amount requested

I totally get where you're coming from, I rent myself! But if you have a loan they take that into account! Its probably not possible on that amount of a car loan but its best to try clear any loans before taking out any mortgage!

JDigweed · 15-11-2020 8:47pm

KH1591 wrote: »

I totally get where you're coming from, I rent myself! But if you have a loan they take that into account! Its probably not possible on that amount of a car loan but its best to try clear any loans before taking out any mortgage!

I hear ya. Maybe I'm naive but I would have thought paying high rent, servicing a loan, saving and living relatively frugally would be enough to pass a mortgage stress test. It's clearly reality. That's the country we live in now I suppose.

KH1591 · 15-11-2020 9:00pm

JDigweed wrote: »

I hear ya. Maybe I'm naive but I would have thought paying high rent, servicing a loan, saving and living relatively frugally would be enough to pass a mortgage stress test. It's clearly reality. That's the country we live in now I suppose.

100%!! This was my thought process a while back until they explained the whole lending criteria to me!
Definitely keep trying and get some advise from where you applied

TaDa · 16-11-2020 2:19pm

Just looking to see if anyone has obtained approval to drawdown while still on a wage subsidy scheme with their employer?

I have AIP but no use if I cannot drawdown due to a subsidy scheme my company avail of.

Lauren52 · 16-11-2020 2:37pm

TaDa wrote: »

Just looking to see if anyone has obtained approval to drawdown while still on a wage subsidy scheme with their employer?

I have AIP but no use if I cannot drawdown due to a subsidy scheme my company avail of.

As far as I am aware You have to be 3mts off it with RI
EBS is 1 week Payslip off Subsidy.

I am on PUP back to work 1st December praying we dont go on to subsidy.

We are waiting for decision from Meeting , hopefully I will have 3mts off it before Drawdown.

I am second applicant aswel, so hoping that makes a difference.

How long have You got the AIP for, You could possibly extend?

TaDa · 16-11-2020 3:06pm

I have AIP a couple of weeks now. No need to extend just yet but I am worried my company will remain in this scheme beyond Christmas

Very frustrating position to be in

Lauren52 · 16-11-2020 3:21pm

TaDa wrote: »

I have AIP a couple of weeks now. No need to extend just yet but I am worried my company will remain in this scheme beyond Christmas

Very frustrating position to be in

It is extremely frustrating , I am holding out hope we wont go on it. My HR Manager told me we have to be 30% down to avail now, and then after Dec I think it You have to be down more again so hopefully by then you will come off. So Bloody annoying.

It's really unfair. I get it to a point as it is showing the Job could be at risk because the business is not doing so well. But when we are coming out with the same money it's very hard to accept.

Sarahedel1991 · 16-11-2020 6:16pm

Hi there,

I'm hoping somebody can help us. We got our approval in principle letter with the forms we need to fill out.

My partner isn't born in Ireland and they are asking for a declaration /letter to prove that he doesn't have property in the UK. Does anybody know where I would get this?

Also, do we get our own insurance for the house? And if so does it matter who we go with?

Also, I presume with the mortgage protection the council includes this I think?

Sorry for all the questions I'm just confused!

Our house is a new build and won't be fully done till February. Not sure how we can get a valuation report of the house now for this form if the house isn't built?!

Any advice would be very appreciated if someone else did these steps. Its a bit overwhelming!

Thanks

Benci · 17-11-2020 3:21pm

We had our valuation report done for the new build which is not finished yet, before draw down you need the final valuation.
About home insurance you can choose the company you want to go with.

For MPI anyone knows if you have to mention if you attended to Emergency Department for Dental surgery?
Thank you.

TaDa · 17-11-2020 4:34pm

Has anyone actually gone through the process and managed to draw down while on the wage subsidy?

I know of people that have gone through their employers and received letters which confirmed they were in a secure job despite the subsidy scheme, but those people went through AIB so not sure if applicable to Rebuilding Ireland

Jafin · 17-11-2020 5:52pm

TaDa wrote: »

Has anyone actually gone through the process and managed to draw down while on the wage subsidy?

I know of people that have gone through their employers and received letters which confirmed they were in a secure job despite the subsidy scheme, but those people went through AIB so not sure if applicable to Rebuilding Ireland

You're not allowed to draw down with this scheme if you're on the subsidy as far as I'm aware.

Lauren52 · 17-11-2020 6:42pm

TaDa wrote: »

Has anyone actually gone through the process and managed to draw down while on the wage subsidy?

I know of people that have gone through their employers and received letters which confirmed they were in a secure job despite the subsidy scheme, but those people went through AIB so not sure if applicable to Rebuilding Ireland

The attached was stated in July. Also people have said on this that they have been told 3mts.

We were told by EBS that when we had 1 payslip we would be able to drawdown.

A guy I work with was on the very last stage when put on subsidy he got it by the skin of his teeth but his mortgage broker had to fight for him and work sent a letter to say he was guaranteed his job.

I would think it would be highly unlikely.

jill_valentine · 18-11-2020 11:41am

Oof. For some reason it hadn't occurred to me Tallaght wouldn't be covered by DCC. Off to apply to SDCC just in case.

jenpenjelly · 18-11-2020 11:51am

Hi, this board has been so helpful to me in the last few months thank you.
We applied for SDCC in mid September, our application is back from the underwriters and is in the queue for the credit committee. Has anyone any experience with SDCC? As in how long the wait for the credit committee will be?
Thanks

Rebuilding Ireland home loan

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