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09-06-2019, 18:34   #1621
Darkglasses
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Originally Posted by JessC1987 View Post
I got my approval letter on Friday and I seen a lot of people state they had to reply in writing to accept the offer, however no where on the letter does it state I need to reply in writing to accept it just advises that when I find a property to return forms 1, 2 and 3! I'm with DCC, does this sound right? I've seen a couple of houses we're interested in so I assume we can just go ahead and look and start to make offers?
Wexford goes the same, no need to accept the offer. I don't really see the point tbh.
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09-06-2019, 18:47   #1622
JessC1987
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Wexford goes the same, no need to accept the offer. I don't really see the point tbh.
Thank you! I know same here. There is a couple of other things in the pack I'm unsure of so I'm gonna call them up tomorrow and get those answered to be sure and hopefully go find us a house!!
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09-06-2019, 20:16   #1623
BelleO
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Originally Posted by Stekell View Post
Hi,... Sorry to butt in but just wondering, if you have been approved recently, how long did it take?! We have our application in two months now and are really itching to get moving ��
Hi, no bother at all. We submitted our application back in October and we didn’t get our approval until mid January. I think the Christmas holidays may have delayed things for us. It seems that some councils are quicker than others. It’s no harm calling them and just asking what stage they are at. Fingal’s credit committee only meet once a month & think that’s the same for most of the councils which seems to be the most lengthy part of the application process.
Best of luck with your application.
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11-06-2019, 21:09   #1624
Amary
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https://www.irishexaminer.com/breaki...me-930145.html

Hopefully it will be good news this week.
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12-06-2019, 22:50   #1625
alane20
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Hi folks, im looking to apply for this, i work for a semi state have solid job 13 years and its semi state pension, im 38, separated with 3 kids from previous marriage, my ex and i did not own property,

So im trying to move forward with my life, my basic wage is 50k per year, now my p60 for last year is 63K, obviously im working loads of overtime to get the deposit together,

The house im looking at well 2 houses first one is 145k and preferred option is house number two 160K

By my logic I am over the income threshold this is a ridiculous scenario that you can earn too much for this house loan yes too little for a bank

With my salary cert which would say my income is 50k per year would they possibly discount the overtime and take it on my guaranteed earnings
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14-06-2019, 11:01   #1626
Jamesiekel
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For anyone waiting to hear back from SDCC it might take a while, the Credit committee hasn't met at all in 2019. I can imagine the back log being ridiculous.
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14-06-2019, 15:52   #1627
swarmberg
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Applied to Fingal in Feb and got the letter of approval in principal at the end of May. Was shocked at how quickly it was before credit committee etc. Every council seems so different in terms of timings.
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14-06-2019, 16:59   #1628
IrinaO85
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Anyone knows anything about Wicklow County Council. I applied in the midMarch, still no answer, I know that I have been approved by Housing Agency, now it is with Credit Committee. Anyone been approved recently in Wicklow?
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14-06-2019, 19:30   #1629
Dave087
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Applied in January to SDCC, still waiting. Is it a good sign if your application is with the credit committee? How many stages is there before/after the credit committee. Appreciate any replies
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14-06-2019, 21:05   #1630
valarmorghulis
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Hi there,

I would be very appreciative if anyone could share some advice as regards the current situation with the scheme.I have not submitted my application yet. My max loan amount would be around 170k as per RIHL calculator.I would be a single applicant, looking at 1bed apartments in D1, D7, D8, around 170-200k.I will be rejected per the bank’s calculators.I am a first timer buyer, under the income thresholds, & meet the edibility criteria for the scheme, however I am wondering being a single applicant & the fact I am looking at 1 beds will mean I have to meet a higher threshold, e.g. a 20% deposit.

Obviously a 2 bed would be a safer bet,with safety net of renting extra room,however, prices would be in the 240-250 range,out of my budget.I’m 31,renting in Dublin for 13 years so just trying to stop throwing away dead money & 1bed starter apt with RIHL looking like my best option,close to hundreds of relevant jobs within walking distance(no car expenses,travel etc).

I also had seen 2 years in continuous employment as a requirement, I was also checking as long as I was full time employment current with 12 months of payslips/salary cert & no probation, would this suffice ?

Any advice would be greatly appreciated.
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15-06-2019, 00:37   #1631
Darkglasses
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Originally Posted by valarmorghulis View Post
Hi there,

I would be very appreciative if anyone could share some advice as regards the current situation with the scheme.I have not submitted my application yet. My max loan amount would be around 170k as per RIHL calculator.I would be a single applicant, looking at 1bed apartments in D1, D7, D8, around 170-200k.I will be rejected per the bank’s calculators.I am a first timer buyer, under the income thresholds, & meet the edibility criteria for the scheme, however I am wondering being a single applicant & the fact I am looking at 1 beds will mean I have to meet a higher threshold, e.g. a 20% deposit.

Obviously a 2 bed would be a safer bet,with safety net of renting extra room,however, prices would be in the 240-250 range,out of my budget.I’m 31,renting in Dublin for 13 years so just trying to stop throwing away dead money & 1bed starter apt with RIHL looking like my best option,close to hundreds of relevant jobs within walking distance(no car expenses,travel etc).

I also had seen 2 years in continuous employment as a requirement, I was also checking as long as I was full time employment current with 12 months of payslips/salary cert & no probation, would this suffice ?

Any advice would be greatly appreciated.
There is no requirement in the credit policy for a 20% deposit for anyone, regardless of circumstance. I don't think the property will make a massive difference to your application - your personal finances are always the critical factor. Renting an extra room isn't at all what RIHL is aimed towards. Slight speculation on my part - but it's basically aimed at the people who won't qualify for HAP but still need housing supports (who are still an acceptable loan risk as per the guidance for the Central Bank etc.).

2 Years continuous employment (as per the definition of this scheme) is a requirement for approval. The acceptable break in employment to still qualify as continuous is 4 weeks, based on the FAQs on the RIHL website.
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17-06-2019, 20:34   #1632
Shamboo1801
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Originally Posted by IrinaO85
Anyone knows anything about Wicklow County Council. I applied in the midMarch, still no answer, I know that I have been approved by Housing Agency, now it is with Credit Committee. Anyone been approved recently in Wicklow?

We applied in August last year, went sale agreed in September and had our keys in December. Found them to be very quick and helpful.
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18-06-2019, 11:03   #1633
IrinaO85
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Originally Posted by Shamboo1801 View Post
We applied in August last year, went sale agreed in September and had our keys in December. Found them to be very quick and helpful.
I do not know. I hear from them just automatic reply: I will be in touch, I will be in touch
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18-06-2019, 16:32   #1634
Laurazal
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Hi Guys, quick question: after submitting the initial application and all the supporting documents, do they check your bank statements at a later stage again? I mean, after submitting 1 years bank account statements, can I “relax” a little bit with my finances? I mean, nothing fancy - just thinking of a well-overdue mini holiday break but feeling guilty and not sure if creditors will treat this as “lavish” spending at a later stage…
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18-06-2019, 16:38   #1635
mistersifter
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^^ submitted an application last week and got a letter today stating that they would need up to date financial info when they get around to decision time.
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