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Government Funds Local Authority Housing Scheme

1…34689…18

Comments

  • #252
    ad1234
    Registered Users Posts: 148 ✭✭ad1234


    stryker mcqueen wrote: »
    Kind of a recycled question but just on the rejection letters. Are you guys providing a written notice of an insufficient offer on official headed paper?

    I'm ringing banks , asking for x amount and just being told i can't have it basically lol....end of discussion , no mention of any written confirmation or the like , what am i missing?
    We have a letter of approval in principle from the bank through a broker which showed an offer from 1 bank as way off and had a letter from another showing they would offer about 8k closer to what we need but under the condition we have another 45k saved before they'll look at us... on top of our 10%... we hot in touch with the mortgage adviser and requested this in letter form and the broaker got us the other letter.
    So fingers crossed they'll do!


  • #253
    ad1234
    Registered Users Posts: 148 ✭✭ad1234


    Junadl wrote: »
    I'd say we'll hear by end of March. Yeah waiting is hard. Don't know what we will do if it's a rejection. Probably leave Ireland as it's just too hard here! Doesn't have to be this way. Think it's time for people to unite and start some protesting. The housing situation is absolutely crazy. I know so many families living in bad situations working their asses off, going around in circles!

    That'd be the plan for us too if this doesn't happen ugh. Hopefully won't come to this stage! We are looking for an equivalent of 70e a month extra on top of what the banks will give and it's a no.! 4 months of heartache with it! Have a house sorted, still to be built but ours all the same.... contracts signed (under a funding condition)... can afford almost 600e more a month on my rent than the mortgage will be but still can't manage an extra 70 apparently! This whole situation is aging me something awful!


  • #254
    voodosheeb
    Registered Users Posts: 28 ✭voodosheeb


    SNNUS wrote: »
    I had insufficient sanction from one bank and a rejection from another.

    They have changed the requirement now though so even printerd online mortgage calculator results will do.

    AIB and EBS do online mortgage calculators, enter home much you want on those , it will tell you you are well short, just print these and you are sorted.

    so if I just print out the amount on the mortgage calculator the council will accept it as an offer?
    I've already went to one bank and waiting to hear bank but the second bank Im going to go to offered less the the first when i spoke on the phone


  • #255
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    voodosheeb wrote: »
    so if I just print out the amount on the mortgage calculator the council will accept it as an offer?
    I've already went to one bank and waiting to hear bank but the second bank Im going to go to offered less the the first when i spoke on the phone


    From RI website

    What evidence of insufficient offers of finance is acceptable?

    Applicant(s) must have received insufficient offers of finance from two mortgage lenders to apply for a Rebuilding Ireland Home Loan. Examples of acceptable evidence of this are:

    A letter of inadequate loan offer from a bank or building society

    A letter stating that your application is outside the lending criteria of the bank or building society

    A lender calculator output sheet showing inadequate loan capacity for the amount sought from your local authority

    In all instances, the evidence must be dated within four weeks of submitting a Rebuilding Ireland Home Loan application.


  • #256
    voodosheeb
    Registered Users Posts: 28 ✭voodosheeb


    SNNUS wrote: »
    From RI website

    What evidence of insufficient offers of finance is acceptable?

    Applicant(s) must have received insufficient offers of finance from two mortgage lenders to apply for a Rebuilding Ireland Home Loan. Examples of acceptable evidence of this are:

    A letter of inadequate loan offer from a bank or building society

    A letter stating that your application is outside the lending criteria of the bank or building society

    A lender calculator output sheet showing inadequate loan capacity for the amount sought from your local authority

    In all instances, the evidence must be dated within four weeks of submitting a Rebuilding Ireland Home Loan application.
    I called RI just to be sure and they said you need something in writing from the bank, some banks wont want to give you anything unless you make a full application and even then they might still try and say no,I was told to reference the consumer protection code 2012 section 4.24


  • #257
    robbo25
    Registered Users Posts: 26 ✭robbo25


    SNNUS wrote: »
    From RI website

    What evidence of insufficient offers of finance is acceptable?

    Applicant(s) must have received insufficient offers of finance from two mortgage lenders to apply for a Rebuilding Ireland Home Loan. Examples of acceptable evidence of this are:

    A letter of inadequate loan offer from a bank or building society

    A letter stating that your application is outside the lending criteria of the bank or building society

    A lender calculator output sheet showing inadequate loan capacity for the amount sought from your local authority

    In all instances, the evidence must be dated within four weeks of submitting a Rebuilding Ireland Home Loan application.


    Hi - can I ask where does it say that the insufficient offers have to be dated within the last four weeks? I just submitted my app and my offer from the Bank and brokers are from last year! Nothing would have changed though - salary etc Nothing was said when we handed the application in.

    Argh - just found it! That wasn't there before ;-) Guess will have to just get a couple of online calcs


  • #258
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    The FAQ's and terms are changing slightly as they get used to this but I reckon you are ok
    if it was not stated when you applied. Call them tomorrow to verify.


  • #259
    robbo25
    Registered Users Posts: 26 ✭robbo25


    Thanks SNNUS. I only applied yesterday as was finding it hard to get the last document I needed, didn't re-read the FAQ. Hopefully it'll still be okay, surely the underwriters could enter our salaries into any online calc and see we'd be way off borrowing from them for our area.


  • #260
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    robbo25 wrote: »
    Thanks SNNUS. I only applied yesterday as was finding it hard to get the last document I needed, didn't re-read the FAQ. Hopefully it'll still be okay, surely the underwriters could enter our salaries into any online calc and see we'd be way off borrowing from them for our area.

    Yeah you hope that common sense would prevail.. I would do the online calculators and save them and then attach them to the person you gave the form to?


  • #261
    raineas1
    Registered Users Posts: 8 ✭raineas1


    I fall into the category of EARNING UNDER €50,000 (GROSS) IN THE PREVIOUS TAX YEAR AS A SINGLE APPLICANT. This year I earn marginally over €50,000, does anyone know if this will affect my application?


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  • #262
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    raineas1 wrote: »
    I fall into the category of EARNING UNDER €50,000 (GROSS) IN THE PREVIOUS TAX YEAR AS A SINGLE APPLICANT. This year I earn marginally over €50,000, does anyone know if this will affect my application?

    What is your gross on your salary cert?


  • #263
    raineas1
    Registered Users Posts: 8 ✭raineas1


    Recent salary cert says €50,200 which applies an increase that only came into effect November/December


  • #264
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    raineas1 wrote: »
    Recent salary cert says €50,200 which applies an increase that only came into effect November/December

    That would put you over the limit, unless your salary cert would show less than 50,000.

    You could call RI helpline to confirm on Monday but would be a problem your cert showing >50K


  • #265
    raineas1
    Registered Users Posts: 8 ✭raineas1


    Okay, yea I will give them a ring anyway and see what they say. Thanks


  • #266
    Bargain_Hound
    Registered Users Posts: 521 ✭✭✭Bargain_Hound


    raineas1 wrote: »
    I fall into the category of EARNING UNDER €50,000 (GROSS) IN THE PREVIOUS TAX YEAR AS A SINGLE APPLICANT. This year I earn marginally over €50,000, does anyone know if this will affect my application?

    I am in an identical position. Really frustrating knowing that potentially somebody earning 40k can now borrow nearly 100k more than me on a higher salary.

    I still submitted my application but have basically been told by CC it will most likely be a no, even though my supporting p60 from 2017 says< 50,000.


  • #267
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    Bargain_Hound wrote: »
    I am in an identical position. Really frustrating knowing that potentially somebody earning 40k can now borrow nearly 100k more than me on a higher salary.

    I still submitted my application but have basically been told by CC it will most likely be a no, even though my supporting p60 from 2017 says< 50,000.


    That must be very frustrating but i guess there has to be a cut off and they will probably decide on that condition.


  • #268
    stryker mcqueen
    Registered Users Posts: 1,288 ✭✭✭stryker mcqueen


    raineas1 wrote: »
    Recent salary cert says €50,200 which applies an increase that only came into effect November/December

    Bit controversial no doubt but could your employer not give you a "dig out" here considering your barely over the threshold ?

    If you know what i mean ....


  • #269
    Junadl
    Registered Users Posts: 128 ✭✭Junadl


    Bargain_Hound wrote: »
    I am in an identical position. Really frustrating knowing that potentially somebody earning 40k can now borrow nearly 100k more than me on a higher salary.

    I still submitted my application but have basically been told by CC it will most likely be a no, even though my supporting p60 from 2017 says< 50,000.


    Can't believe you can't get a bank mortgage with such a good salary. The country has gone mad. It's obviously set up for failure!!


  • #270
    Crunchymomma
    Registered Users, Registered Users 2 Posts: 1,178 ✭✭✭Crunchymomma


    Has anyone got an offer yet?


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  • #271
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    Crunchymomma wrote: »
    Has anyone got an offer yet?


    No decision yet.. how about yourself?


  • #272
    Junadl
    Registered Users Posts: 128 ✭✭Junadl


    Crunchymomma wrote: »
    Has anyone got an offer yet?

    No decision back yet. Expecting reply end of March as that will be around 6 weeks wait then.


  • #273
    Junadl
    Registered Users Posts: 128 ✭✭Junadl


    https://m.imgur.com/gallery/pIzcJ2z

    Not sure if this link will work


  • #274
    lawred2
    Registered Users, Registered Users 2 Posts: 24,457 ✭✭✭✭lawred2


    Junadl wrote: »
    Can't believe you can't get a bank mortgage with such a good salary. The country has gone mad. It's obviously set up for failure!!

    It's an ok salary

    And as long as his credit record is solid, has a deposit and doesn't have a whole stack of pre-existing debts then almost all banks would offer a mortgage.

    Whether that mortgage is sufficient to pay the asking for a property in this poster's location is a different story.


  • #275
    Crunchymomma
    Registered Users, Registered Users 2 Posts: 1,178 ✭✭✭Crunchymomma


    SNNUS wrote: »
    No decision yet.. how about yourself?

    Nope nothing here


  • #276
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    Crunchymomma wrote: »
    Nope nothing here

    When did you apply?


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  • #277
    Crunchymomma
    Registered Users, Registered Users 2 Posts: 1,178 ✭✭✭Crunchymomma


    SNNUS wrote: »
    When did you apply?

    Like 3 weeks ago but tbh I'm kinda chancing my arm as I'm still on probation at work. Didn't actually think we would be applying for anything for another year!


  • #278
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    Crunchymomma wrote: »
    Like 3 weeks ago but tbh I'm kinda chancing my arm as I'm still on probation at work. Didn't actually think we would be applying for anything for another year![/QUO

    Not sure if that is a deal breaker, were you working before this job?


  • #279
    Crunchymomma
    Registered Users, Registered Users 2 Posts: 1,178 ✭✭✭Crunchymomma


    SNNUS wrote: »
    Crunchymomma wrote: »
    Like 3 weeks ago but tbh I'm kinda chancing my arm as I'm still on probation at work. Didn't actually think we would be applying for anything for another year![/QUO

    Not sure if that is a deal breaker, were you working before this job?

    Yes I have been in continuous employment, just got a new job in October when on maternity leave so only actually started 2 weeks ago. Still have almost my full probation year to see out. Figure if we don't get approved, we haven't really lost out as this is way ahead of schedule


  • #280
    sarah88
    Registered Users, Registered Users 2 Posts: 502 ✭✭✭sarah88


    Hi, has anyone applied for this mortgage for a self build? Was it necessary to have planning permission approved prior to submitting the application?
    Many thanks


  • #281
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    sarah88 wrote: »
    Hi, has anyone applied for this mortgage for a self build? Was it necessary to have planning permission approved prior to submitting the application?
    Many thanks

    Quoted text***

    Jackie Cahill (Tipperary, Fianna Fail)
    Link to this: Individually | In context

    733. To ask the Minister for Housing, Planning, and Local Government if an anomaly will be addressed in view of the fact that this will have the effect of putting a person through unnecessary expense in securing planning permission for a site when the person may not ultimately receive approval for a loan under the scheme; and if he will make a statement on the matter. [9561/18]

    Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
    Link to this: Individually | In context

    It continues to be the case under the Rebuilding Ireland Home Loan, as with the previous local authority housing finance offerings, that applicants applying for loan approval to build their own home are required to have, in respect of the site on which the construction is to occur, full planning permission in place prior to submitting a loan application. Local authorities cannot issue an offer of finance for a self-build project, without planning permission first being in place.


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  • #282
    Mark Hamill
    Registered Users, Registered Users 2 Posts: 7,783 ✭✭✭Mark Hamill


    voodosheeb wrote: »
    I called RI just to be sure and they said you need something in writing from the bank, some banks wont want to give you anything unless you make a full application and even then they might still try and say no,I was told to reference the consumer protection code 2012 section 4.24

    Thank you for this, unfortunately Ulsterbank don't seem to think it applies to them. I was in with them last week and they said I only qualify for a mortgage of €33k (:rolleyes:) but that their lower limit was €40k so they couldn't give me their approval in principle. They couldn't give any of this in writing and I didn't challenge because I didn't know about the the section in the code.

    Today, after seeing your post, I contact them and quote the code and after some back and forth phone calls, they tell me that they can give me a letter saying they can offer the €33k, but that it's not actually an offer because of their €40k limit. I ask can I get the limit in writing, or is it anywhere in their brochures so I can attached it the offer. They say no, it's only internal, but check the website in case it is there. At this stage I say ok, I'll pick up the letter.

    5 minutes later I get a callback, saying that the limit is actually on their paperwork, so they wont now give me the €33k letter!

    I quote the code from the central bank again, they say they will get their manager to call me back because "I just don't get what they are saying", I say that they actually don't seem to get what I am saying, they have to give a letter, it's central bank rules and then they accuse me of getting aggressive and hangs up the phone.


  • #283
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    Mark Hamill wrote: »
    Thank you for this, unfortunately Ulsterbank don't seem to think it applies to them. I was in with them last week and they said I only qualify for a mortgage of €33k (:rolleyes:) but that their lower limit was €40k so they couldn't give me their approval in principle. They couldn't give any of this in writing and I didn't challenge because I didn't know about the the section in the code.

    Today, after seeing your post, I contact them and quote the code and after some back and forth phone calls, they tell me that they can give me a letter saying they can offer the €33k, but that it's not actually an offer because of their €40k limit. I ask can I get the limit in writing, or is it anywhere in their brochures so I can attached it the offer. They say no, it's only internal, but check the website in case it is there. At this stage I say ok, I'll pick up the letter.

    5 minutes later I get a callback, saying that the limit is actually on their paperwork, so they wont now give me the €33k letter!

    I quote the code from the central bank again, they say they will get their manager to call me back because "I just don't get what they are saying", I say that they actually don't seem to get what I am saying, they have to give a letter, it's central bank rules and then they accuse me of getting aggressive and hangs up the phone.


    They have to give you a letter advising that they refused you a 40k mortgage.

    Applying for this has thought me so much :)


  • #284
    sarah88
    Registered Users, Registered Users 2 Posts: 502 ✭✭✭sarah88


    SNNUS wrote: »
    Quoted text***

    Jackie Cahill (Tipperary, Fianna Fail)
    Link to this: Individually | In context

    733. To ask the Minister for Housing, Planning, and Local Government if an anomaly will be addressed in view of the fact that this will have the effect of putting a person through unnecessary expense in securing planning permission for a site when the person may not ultimately receive approval for a loan under the scheme; and if he will make a statement on the matter. [9561/18]

    Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
    Link to this: Individually | In context

    It continues to be the case under the Rebuilding Ireland Home Loan, as with the previous local authority housing finance offerings, that applicants applying for loan approval to build their own home are required to have, in respect of the site on which the construction is to occur, full planning permission in place prior to submitting a loan application. Local authorities cannot issue an offer of finance for a self-build project, without planning permission first being in place.

    Thanks very much, just unfortunate that so much money needs to be paid out without the security of knowing that a mortgage will.be offered.


  • #285
    bush
    Closed Accounts Posts: 2,878 ✭✭✭bush


    Mark Hamill wrote: »
    Thank you for this, unfortunately Ulsterbank don't seem to think it applies to them. I was in with them last week and they said I only qualify for a mortgage of €33k (:rolleyes:) but that their lower limit was €40k so they couldn't give me their approval in principle. They couldn't give any of this in writing and I didn't challenge because I didn't know about the the section in the code.

    Today, after seeing your post, I contact them and quote the code and after some back and forth phone calls, they tell me that they can give me a letter saying they can offer the €33k, but that it's not actually an offer because of their €40k limit. I ask can I get the limit in writing, or is it anywhere in their brochures so I can attached it the offer. They say no, it's only internal, but check the website in case it is there. At this stage I say ok, I'll pick up the letter.

    5 minutes later I get a callback, saying that the limit is actually on their paperwork, so they wont now give me the €33k letter!

    I quote the code from the central bank again, they say they will get their manager to call me back because "I just don't get what they are saying", I say that they actually don't seem to get what I am saying, they have to give a letter, it's central bank rules and then they accuse me of getting aggressive and hangs up the phone.


    I got a weak offer from ulster bank too and was asking about getting a letter to off them for the government mortgage and they really didnt want to give it to me. I ended up getting 3.5 my salary elsewhere though. Ulster banks stress test is very harsh.


  • #286
    Wheeliebin30
    Closed Accounts Posts: 5,593 ✭✭✭Wheeliebin30


    What happens when someone's income magically increases after a year?

    Do they still get the 2%?

    So unfair.


  • #287
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    Wheeliebin30 wrote: »
    What happens when someone's income magically increases after a year?

    Do they still get the 2%?

    So unfair.

    Magically increase? Won't say no if that happens :)


  • #288
    Wheeliebin30
    Closed Accounts Posts: 5,593 ✭✭✭Wheeliebin30


    SNNUS wrote: »
    Magically increase? Won't say no if that happens :)

    Very easy to start off in a low paid job, get the mortgage then suddenly find a much higher income job.

    This country is truly ****ed.


  • #289
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    Wheeliebin30 wrote: »
    Very easy to start off in a low paid job, get the mortgage then suddenly find a much higher income job.

    This country is truly ****ed.


    So you would have had to have known about this loan scheme 2 years ago to work in a low income job just to get this loan and then sail off to your dream job afterwards?? I think that may be a very low %, Everyone is entitled to advance in their career.


  • #290
    Mark Hamill
    Registered Users, Registered Users 2 Posts: 7,783 ✭✭✭Mark Hamill


    SNNUS wrote: »
    They have to give you a letter advising that they refused you a 40k mortgage.

    Applying for this has thought me so much :)

    I was talking to the manager today. He said they can only do two letters, an approval one if you qualify for more 40k and go through the whole process, and an outright rejection one, that just says you fall outside their lending criteria. He was sure that this second letter wont actually be of any use to me as he claims that the government mortgage only wants refusal letters with specific amounts on them. I'm going to take the second one to the county council and see what they say (according to your previous post quoting the RI site, it should be sufficient).

    He was adamant that they can't just print off a letter with the specific refusal reason on it because their letters are pre-made and have to be arranged (I have to go back this afternoon to actually pick it up) and he was doubly adamant that he is taking a stance on this in his branch because this process is a waste of his employees time :rolleyes:.


  • #291
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    Mark Hamill wrote: »
    I was talking to the manager today. He said they can only do two letters, an approval one if you qualify for more 40k and go through the whole process, and an outright rejection one, that just says you fall outside their lending criteria. He was sure that this second letter wont actually be of any use to me as he claims that the government mortgage only wants refusal letters with specific amounts on them. I'm going to take the second one to the county council and see what they say (according to your previous post quoting the RI site, it should be sufficient).

    He was adamant that they can't just print off a letter with the specific refusal reason on it because their letters are pre-made and have to be arranged (I have to go back this afternoon to actually pick it up) and he was doubly adamant that he is taking a stance on this in his branch because this process is a waste of his employees time :rolleyes:.



    My heart bleeds for him, Banks never waste our time :) , that letter should do, just note on it how much you were looking for.


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  • #292
    Mark Hamill
    Registered Users, Registered Users 2 Posts: 7,783 ✭✭✭Mark Hamill


    Mark Hamill wrote: »
    Guy on the phone said it was somewhere in the midlands that they are all sent and processed. There are already county council based mortgage schemes, that must be processed in the county council you are buying in, but this scheme is country wide, so apparently is different.

    So apparently, this has changed (or never was the case and the rebuilding Ireland helpline was wrong last month). Was in Tallaght CC yesterday, hoping to buy in Navan, and was told I will have to go there to do it. Was also told that that it's best to call the CC first and check that they don't have extra requirements, over what the form requires (e.g. apparently Tallaght CC requires a P21 for all applications).

    What's dumb about all that is the person I was talking on the phone to in Navan CC was confused as to why any CC would require extra documents. The CC's are only talking in the forms and documents, the requirements are set and assessed by the governments underwriter, not the CC itself. But if it doesn't make sense that extra docs are needed, because they are all assessed by the same underwriter, then why do you have to go to the specific CC? It would be like having to get a mortgage from the specific bank branch in the area you are buying a house in. Its just more busy work ( and trip to navan today for me).


    Also, apparently the calculator on the Rebuilding Ireland webpage is not accurate. While on the phone to Meath CC, they put my details through their calculator, which is supposedly more up to date. The amount I could potentially borrow dropped by about 10%. As far as they knew, it's because the online calculator doesn't take account of mortgage protection insurance you have to get.


  • #293
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    It seems like no one really is in the know about the whole process which will in turn slow everything down..


  • #294
    Bargain_Hound
    Registered Users Posts: 521 ✭✭✭Bargain_Hound


    Mark Hamill wrote: »
    So apparently, this has changed (or never was the case and the rebuilding Ireland helpline was wrong last month). Was in Tallaght CC yesterday, hoping to buy in Navan, and was told I will have to go there to do it. Was also told that that it's best to call the CC first and check that they don't have extra requirements, over what the form requires (e.g. apparently Tallaght CC requires a P21 for all applications).

    What's dumb about all that is the person I was talking on the phone to in Navan CC was confused as to why any CC would require extra documents. The CC's are only talking in the forms and documents, the requirements are set and assessed by the governments underwriter, not the CC itself. But if it doesn't make sense that extra docs are needed, because they are all assessed by the same underwriter, then why do you have to go to the specific CC? It would be like having to get a mortgage from the specific bank branch in the area you are buying a house in. Its just more busy work ( and trip to navan today for me).


    Also, apparently the calculator on the Rebuilding Ireland webpage is not accurate. While on the phone to Meath CC, they put my details through their calculator, which is supposedly more up to date. The amount I could potentially borrow dropped by about 10%. As far as they knew, it's because the online calculator doesn't take account of mortgage protection insurance you have to get.

    Fingal told me the same thing. Indeed I did have to go to navan as I am buying in Navan. Didn't require a P21 but included P60 as per requirements.


  • #295
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    I was advised that there is a backlog in the Irish Credit Bureau department, 6 weeks on Friday and no word yet.


  • #296
    Junadl
    Registered Users Posts: 128 ✭✭Junadl


    SNNUS wrote: »
    I was advised that there is a backlog in the Irish Credit Bureau department, 6 weeks on Friday and no word yet.

    Just give it until the end of March then start panicking 😭 It's such a horrid wait!!!!


  • #297
    Grocery_bag
    Registered Users Posts: 21 ✭Grocery_bag


    Anybody hear back about their applications yet ?


  • #298
    syndrome777
    Registered Users Posts: 223 ✭✭syndrome777


    were any of you guys able to get decline letter without going to the whole process with all the documentation submitted to the banks?

    AIB does that, you give them ruff figures and they provide the decline from there without going to the whole process with underwriters and everything.

    Do you know if other banks do the same?


  • #299
    SNNUS
    Registered Users Posts: 768 ✭✭✭SNNUS


    Grocery_bag wrote: »
    Anybody hear back about their applications yet ?

    Not yet.. when did you apply?


  • #300
    Grocery_bag
    Registered Users Posts: 21 ✭Grocery_bag


    SNNUS wrote: »
    Not yet.. when did you apply?

    I am only about to begin the process of applying now. Hope I'm not too late


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  • #301
    Mark Hamill
    Registered Users, Registered Users 2 Posts: 7,783 ✭✭✭Mark Hamill


    syndrome777 wrote: »
    were any of you guys able to get decline letter without going to the whole process with all the documentation submitted to the banks?

    AIB does that, you give them ruff figures and they provide the decline from there without going to the whole process with underwriters and everything.

    Do you know if other banks do the same?

    PTSB gave me a letter without issue - made an appointment to talk with mortgage advisor a few days in advance, told her what I wanted and went through my finances and she gave me the letter there and then (she actually gave me two letters, one saying what I could get and the other just saying I wasn't able to get the standard 3.5 annual wages).

    Ulsterbank started the same (appointment wait was two weeks though) but the advisor seemed to get insulted when I explained what I wanted and wouldn't give a letter. Arguments on the phone and with the manager and 1-2 weeks later I finally got a letter. (whole situation detailed in this post)


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