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Currently buying/selling a house? How is it going? READ MOD NOTE POST #1

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    #2822
    lenny4545
    Registered Users Posts: 72 ✭✭lenny4545


    Sweet.Science wrote: »
    Anybody here get a mortgage through BOI ? How long was their application with their underwriters ?

    We did. Was about 1-2 weeks if I remember correctly but we're buying new house that wasn't near completion at the time so was no major panic with it.


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    #2823
    jesus_thats_gre
    Registered Users Posts: 17,441 ✭✭✭✭jesus_thats_gre


    Sweet.Science wrote: »
    Anybody here get a mortgage through BOI ? How long was their application with their underwriters ?

    Went through the process last week.

    Submitted on Tuesday midday, was in in a backlog until Wednesday the following week (when I chased them), someone escalated, and I was mortgage approved the next morning.

    So Tuesday midday to Thursday the following week.


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    #2824
    Bigmac1euro
    Registered Users Posts: 1,457 ✭✭✭Bigmac1euro


    Can anyone answer how long it took their solicitor to receive funds from bank?

    I’m with UB but we’re onto the last hurdle now by the looks of it. Just wondering how long it takes. TIA


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    #2825
    Sweet.Science
    Registered Users Posts: 2,837 ✭✭✭Sweet.Science


    Thanks . Got a text Monday to say it was with underwriter so no need to panic yet


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    #2826
    jesus_thats_gre
    Registered Users Posts: 17,441 ✭✭✭✭jesus_thats_gre


    Sweet.Science wrote: »
    Thanks . Got a text Monday to say it was with underwriter so no need to panic yet

    To be honest, I found it all remarkably straight forward. Suspect that it is down to the fact that my entire financial history is with BOI but still, very straight forward.

    That or they noticed I am putting a shed load of cash through Revolut :P

    Ps. I had to give them a Revolut statement for the last 6 months for anyone that is going to ask.


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    #2827
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,056 Mod ✭✭✭✭AlmightyCushion


    SteelyDanJalapeno wrote: »
    Just gone sale agreed at asking price for a 190sm/m detached dormer with sea views with a 30 minute commute to work :)
    Delighted

    190sq/m is big but no way should it take you 30 minutes to get from your bed to the kitchen table. :pac:


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    #2828
    wayne0308
    Registered Users Posts: 428 ✭✭wayne0308


    Hi all,

    I am in the process of buying a house and I received the contract from the vendors solicitor this week and had a read of them. The contract does not mention a specific closing date, but one of the special conditions says that "the sale is conditional upon the purchase by the vendors of a new property proceeding to completion. In the event of the vendors failing to complete the purchase, they shall not be obliged to complete the sale of this property."

    I would imagine that this is a standard condition when the vendors are in a chain, is that the case in others experience?

    I was wondering if others who have gone through similar purchases put any condition in the contract to give themselves an out if the vendors purchase goes on for too long?

    I understand this is usually a question for the solicitor, I have sent that question to them but no reply as yet and I am just wondering what other people have done.


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    #2829
    boars
    Registered Users Posts: 29 ✭boars


    No word from KBC for the past 3 weeks regarding our mortgage application. Next week will be week 4, hope we hear something. This wait is painful.

    I understand backlogs but Its been more than 15 working days now since our application and we've heard nothing. Their website claims less than 10 working days for a response


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    #2830
    cubatahavana
    Registered Users Posts: 990 ✭✭✭cubatahavana


    boars wrote: »
    No word from KBC for the past 3 weeks regarding our mortgage application. Next week will be week 4, hope we hear something. This wait is painful.

    I understand backlogs but Its been more than 15 working days now since our application and we've heard nothing. Their website claims less than 10 working days for a response

    Got our AIP just yesterday after waiting four at least 3 weeks


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    #2831
    Janey100
    Registered Users Posts: 7 ✭Janey100


    CR0009836 wrote: »
    We successfully drew down yesterday with AIB without an issue.. my partner is also on the covid top up subsidy. Not sure what your situation is but i'm sure you'll be fine!

    I have not been able to find one positive article for weeks of anyone drawing down while on subsidy I was beginning to think this "case by case " was bull!

    Do you know what might have pushed it over the line for you?


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    #2832
    Shiok
    Registered Users Posts: 38 ✭Shiok


    Following on from last couple of comments, does anyone have recent experience with a niche application?

    In particular, anybody getting movement on a non-resident application at the moment? Thanks


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    #2833
    Shiok
    Registered Users Posts: 38 ✭Shiok


    jesus_thats_gre wrote: »
    To be honest, I found it all remarkably straight forward. Suspect that it is down to the fact that my entire financial history is with BOI but still, very straight forward.

    That or they noticed I am putting a shed load of cash through Revolut :P

    Ps. I had to give them a Revolut statement for the last 6 months for anyone that is going to ask.

    Am probably missing your point but what is issue using Revolut?


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    #2834
    jesus_thats_gre
    Registered Users Posts: 17,441 ✭✭✭✭jesus_thats_gre


    Shiok wrote: »
    Am probably missing your point but what is issue using Revolut?

    Suggesting they are worried about a mass exodus of customers to the likes of Revolut so are going out of their way to keep customers happy. I was joking of course.


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    #2835
    brisan
    Registered Users Posts: 2,242 ✭✭✭brisan


    jesus_thats_gre wrote: »
    Suggesting they are worried about a mass exodus of customers to the likes of Revolut so are going out of their way to keep customers happy. I was joking of course.

    Having recently turned 60 but still tech savvy I was amazed at how many people are using Revolut
    We had to set up a fund in work within our group of 10 euro a week
    14 out of 16 had revolut
    I had to join to make it 15
    Are there any security issues ,I have only heard of one case of an account being skimmed and was only for 10 euro


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    #2836
    GalwayyGirl
    Registered Users Posts: 12 ✭GalwayyGirl


    Sale agreed and waiting almost five weeks for approval from ICS Mortgages. Are they typically known for taking so long or is the delay related to covid? Thanks


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    #2837
    Draco
    Subscribers Posts: 1,911 ✭✭✭Draco


    boars wrote: »
    No word from KBC for the past 3 weeks regarding our mortgage application. Next week will be week 4, hope we hear something. This wait is painful.

    I understand backlogs but Its been more than 15 working days now since our application and we've heard nothing. Their website claims less than 10 working days for a response
    Only got our official AIP letter today (had verbal confirmed 2 weeks ago). Apparently there's a backlog of 600 applications in their system and everything is gummed up (according to the guy we were dealing with).


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    #2838
    random_banter
    Registered Users Posts: 614 ✭✭✭random_banter


    Sweet.Science wrote: »
    Anybody here get a mortgage through BOI ? How long was their application with their underwriters ?

    We received approval two weeks ago. It was four weeks from the day we got the text it being received and was being reviewed. But we weren't in a rush and didn't push to escalate. They came back with a couple of questions a week prior to getting approval, including asking to get more info about if my employment had been affected by Covid, etc.


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    #2839
    Sweet.Science
    Registered Users Posts: 2,837 ✭✭✭Sweet.Science


    random_banter wrote: »
    We received approval two weeks ago. It was four weeks from the day we got the text it being received and was being reviewed. But we weren't in a rush and didn't push to escalate. They came back with a couple of questions a week prior to getting approval, including asking to get more info about if my employment had been affected by Covid, etc.

    Ok good to know . Im in no huge rush myself the house I'm buying is in probate .


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    #2840
    Ubbquittious
    Registered Users Posts: 6,189 ✭✭✭Ubbquittious


    I pretty much had to bail out of the place I've been trying to buy since January. The right of residence for someone who hasn't the mental capacity to be able to sign it away has proven to be too much of a stumbling block. On the lookout for something else now


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    #2841
    cubatahavana
    Registered Users Posts: 990 ✭✭✭cubatahavana


    Last week accepting offers in our property. So far, highest is over asking, so hopefully we will go sale agreed with an over asking offer


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    #2842
    Pivot Eoin
    Registered Users Posts: 564 ✭✭✭Pivot Eoin


    cubatahavana wrote: »
    Last week accepting offers in our property. So far, highest is over asking, so hopefully we will go sale agreed with an over asking offer

    What kind of house are you selling? General Area? Hopefully you get it sale agreed. People looking to get in before Christmas (Especially if work is needed) will be keen to wrap up quick getting this stage of the year.


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    #2843
    antimatterx
    Registered Users Posts: 2,680 ✭✭✭antimatterx


    My parents are selling a house, it was up for one week and they received the asking after 1 viewing. It really is crazy out there.


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    #2844
    strmin
    Registered Users Posts: 313 ✭✭strmin


    I lost 2 bidding wars last week. One was 60k, another 80k over asking. None of them sale agreed yet. I guess waiting for higher offers. It's not even funny anymore.


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    #2845
    Markitron
    Registered Users Posts: 3,157 ✭✭✭Markitron


    strmin wrote: »
    I lost 2 bidding wars last week. One was 60k, another 80k over asking. None of them sale agreed yet. I guess waiting for higher offers. It's not even funny anymore.

    This sounds like something straight out of 2007


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    #2846
    antimatterx
    Registered Users Posts: 2,680 ✭✭✭antimatterx


    Markitron wrote: »
    This sounds like something straight out of 2007

    It is mad alright.


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    #2847
    beauf
    Closed Accounts Posts: 22,651 ✭✭✭✭beauf


    It just reflection of limited supply. Demand can also be low, it just has to exceed the limited supply (and be desirable) to push it into a bidding war.


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    #2848
    Markitron
    Registered Users Posts: 3,157 ✭✭✭Markitron


    antimatterx wrote: »
    It is mad alright.

    Wonder how long it continues for


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    #2849
    awec
    Administrators Posts: 53,438 Admin ✭✭✭✭✭awec


    strmin wrote: »
    I lost 2 bidding wars last week. One was 60k, another 80k over asking. None of them sale agreed yet. I guess waiting for higher offers. It's not even funny anymore.

    What percentage over asking does that represent?


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    #2850
    cubatahavana
    Registered Users Posts: 990 ✭✭✭cubatahavana


    awec wrote: »
    What percentage over asking does that represent?

    On my property around 10% over asking so far.


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    #2851
    ittakestwo
    Registered Users Posts: 1,647 ✭✭✭ittakestwo


    strmin wrote: »
    I lost 2 bidding wars last week. One was 60k, another 80k over asking. None of them sale agreed yet. I guess waiting for higher offers. It's not even funny anymore.

    Could you say what part of country they were?


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