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14-05-2018, 19:28   #61
bkelly7
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Originally Posted by Carlyd View Post
Just want to share my expierence with this scheme.
There seems to have been very little training provided in the County Councils. Everybody you speak to has a different answer.
I applied according to the criteria set out in the requirements list.
My first attempt to sumbit:
1)My rejection letters from the bank were not " rejectful" enough. They wanted more than just how much we had been declined on, they wanted to see how much we would be eligable for.
2) Despite the checklist stating p60 OR p21 I was turned away from not having my P21.
Both easily rectified
Returned a week later
Documents accepted.
5 weeks later.
Letter stating we were not eligable for the ammount we applied for 265,000 which I got from the calculator on their website!
Infact based on their calculations we could apply for 216,000.
They asked for a Gift Letter (we were recieving gift of deposit off both of our parents to get us out of the misery that is renting)
They asked for a letter from our landlord stating our monthly rent . Despite our rent being clear in bank statements.
Provided both of these documents.
Resubmitted.
6 weeks later we recieve a rejection letter based on the following:
1)Our earnings were outside of the loan criteria (we earn a combined 47k so well within the 75k limit)
2)We have to be seen to show unbroken savings of 3% of the property price. (A criteria that is not stated anywhere!! Nor mentioned at any previous stage of communication

our rent is nearly 3/4 of our combined wage a month and we have never missed a payment. This scheme was aimed at people just like us.
Paying an incredible ammount rent due to the shambolic private rental system so unable to save a considerable ammount a month for a mortgage.
If i met the criteria they rejected me on I would have been able to get a regular mortgage.

I was so excited when this scheme was announced. Finally an intellegent solution to the housing crisis that helps those in the middle! but alas just another pile of propaganda.


Hi Carlyd,

Sorry to hear about your experience, their reasons for rejection are ridiculous... Can I ask what county council it was that you submitted your application to?

Like yourself, I was delighted when I initially heard about this scheme, but the more I read about people's experiences, the more pessimistic I've become.

I applied through Kildare County Council five weeks ago and yet to hear anything. In the last week, they've actually stopped answering their phone when I call hoping to get some sort of update.

I wonder if you would have any grounds to appeal the council's decision, given that you fit clearly fit the required criteria.
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15-05-2018, 20:23   #62
Sammylok1977
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May I ask your experience , do they including all the bonus and over time ?
My gross salary is €30,900 but my P60 is €43K which includes the bonus , commission and over times, does the calculation base on the gross salary or P60? I contact rebuilding Ireland and they told me to use the P60 amount !! But most of the comments here said the calculation not include over time and bonus !! I m very confused! Hope you able to give me advice! Thank you in advance
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15-05-2018, 20:57   #63
Lolle06
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Originally Posted by Sammylok1977 View Post
May I ask your experience , do they including all the bonus and over time ?
My gross salary is €30,900 but my P60 is €43K which includes the bonus , commission and over times, does the calculation base on the gross salary or P60? I contact rebuilding Ireland and they told me to use the P60 amount !! But most of the comments here said the calculation not include over time and bonus !! I m very confused! Hope you able to give me advice! Thank you in advance
As far as I know, the Local Authority you apply to will have the final say, so you are better off talking to them - especially when it comes to your extra income.

And to answer your earlier question: I did not apply for this loan scheme - I am more familiar with the former one.
That‘s why I thought they would have a mortgage cut-off of 65 years - but they might have extended that now, although you are better off asking your Local Authority as well. Just to be sure.
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15-05-2018, 23:32   #64
Sammylok1977
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Thanks so much for your advice! I did ring two different council they both said will consider use the extra income and may be apply the 29 years mortgage!!
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16-05-2018, 07:42   #65
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Originally Posted by Sammylok1977 View Post
Thanks so much for your advice! I did ring two different council they both said will consider use the extra income and may be apply the 29 years mortgage!!
That sounds great!

Best of luck with your application, Sammylok.
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16-05-2018, 13:16   #66
Sammylok1977
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Thanks so much !! Prayed !!
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17-05-2018, 11:55   #67
LauraAaron
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So glad I found this thread myself and my husband have been renting in Donegal for 7 years now our rent is €630 a month. I'll be keeping an eye on what every one is saying you need to do and making a checklist. We won't be applying for at least a year but I hope by then we have everything in order to do so x because let's face it all we are doing is paying someone else's mortgage when we can easily afford our own
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17-05-2018, 18:13   #68
unclejoe89
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Hi does anyone know if the primary earner must be in the SAME job for 2 years, or can you change to a different job?

Primary earner must have at least 2 years continuous employment
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17-05-2018, 21:14   #69
autumnbelle
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Originally Posted by unclejoe89 View Post
Hi does anyone know if the primary earner must be in the SAME job for 2 years, or can you change to a different job?

Primary earner must have at least 2 years continuous employment
Not the same job just continuous employment, ok to change jobs
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18-05-2018, 23:22   #70
stryker mcqueen
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Sorry for dragging up a topic that has been covered numerous times.....But rejection letters.

So south Dublin county council want the letters to note the amount you have been rejected for, is this possible?

We now have letters from bank of Ireland and KBC , however both are rejection letters only , no figures mentioned , which is something they informed us of so not a surprise.....KBC is even from a friend we were looking for a favour from but they said this cannot be done .

Have anyone got a letter with an actual figure noted?

Is anyone dealing with south Dublin? As they seem sooo unhelpful and making it near impossible .

Thanks

Stryker
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19-05-2018, 00:08   #71
Coinsguy
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Weird one here.

I want to get an apartment (2 or 3 bed). Let's say the banks will loan me 200k as an example.

A 2 bed apartment could be found for this 200k mortgage but I want to get a 3 bed apartment in the same area, which requires a bit more money than the 200k that the banks will loan me.

My question is, considering I don't have a family or whatever and no "need" for a 3 bed at this moment in time - will I instantly be rejected?

I want to plan for the future but I can't imagine them caring about that if only 1 person (me) will be living in the apartment in the near future.
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19-05-2018, 00:20   #72
foodiewarrior
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no bank will issue a mortgage letter saying for which amount you applied for. like "Conor McGregor applied for a mortgage of 1,000,000 and was duly rejected."
so the whole process is a big joke. 
I applied in South Dublin CoCo. I applied here because I live in Tallaght for 5 years and this is where I want to buy  and settle down.
But they are imposible to deal with. They asked for several papers which no other county asked for. So I went in to submit my papers. You need to submit them at the help desk where all other county council maters are handled. The lady was like, yeah sure, all the papers are fine, everything is fine.
So 6 weeks later I got a rejection letter because apparently many more papers are missing. I rang them several times. The secretary answers, when he answers, and reads my rejection letter over and over. I ask can I meet with someone from housing. He said NO, they do not want to meet with you, they are busy with other applications. I ask him can he tell me which papers are missing. He tells me he has no idea as he is just a secretary and just files the papers. I ask to speak with the people who actually work in housing and they every time say that is not possible.
So they take in your application. And most times something is missing because the underwriters need papers which are not on the checklist. And they will not in any case contact you. Even tho I gave them my phone number and email address and home address repeatedly. They say it is not their job to contact with me. So they send on the application to the underwriter and it gets rejected because of missing papers. And they come back to you saying you were rejected.
So this is the council our tax money goes towards. They are not working for the benefit of people. They are just receiving the applications and filing the rejection letters.
So good luck. You might as well apply in another county council asap. After having to deal with So Du CoCo I'm not sorry I'll be leaving Tallaght, because I don't want to live in a county which works like this.
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19-05-2018, 00:33   #73
rachieqtpie
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Quote:
Originally Posted by stryker mcqueen View Post
Sorry for dragging up a topic that has been covered numerous times.....But rejection letters.

So south Dublin county council want the letters to note the amount you have been rejected for, is this possible?

We now have letters from bank of Ireland and KBC , however both are rejection letters only , no figures mentioned , which is something they informed us of so not a surprise.....KBC is even from a friend we were looking for a favour from but they said this cannot be done .

Have anyone got a letter with an actual figure noted?

Is anyone dealing with south Dublin? As they seem sooo unhelpful and making it near impossible .

Thanks

Stryker
We had no rejection letters per se. We applied to two different banks and they offered us €xxx and that was proof of insufficient funds to buy a house in our area. We were not refused a mortgage.
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19-05-2018, 00:37   #74
rachieqtpie
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Quote:
Originally Posted by Coinsguy View Post
Weird one here.

I want to get an apartment (2 or 3 bed). Let's say the banks will loan me 200k as an example.

A 2 bed apartment could be found for this 200k mortgage but I want to get a 3 bed apartment in the same area, which requires a bit more money than the 200k that the banks will loan me.

My question is, considering I don't have a family or whatever and no "need" for a 3 bed at this moment in time - will I instantly be rejected?

I want to plan for the future but I can't imagine them caring about that if only 1 person (me) will be living in the apartment in the near future.
Quote:
Originally Posted by Coinsguy View Post
Weird one here.

I want to get an apartment (2 or 3 bed). Let's say the banks will loan me 200k as an example.

A 2 bed apartment could be found for this 200k mortgage but I want to get a 3 bed apartment in the same area, which requires a bit more money than the 200k that the banks will loan me.

My question is, considering I don't have a family or whatever and no "need" for a 3 bed at this moment in time - will I instantly be rejected?

I want to plan for the future but I can't imagine them caring about that if only 1 person (me) will be living in the apartment in the near future.

It’s doesnt matter the type of property you are looking for ... we put on our property tbc.. it’s the amount they are after. Apply to two banks ..if you have children Kbc are quite tough on disposable income after children . Once you have two offers from banks that prove insufficient funds from two banks that is sufficient for your application
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19-05-2018, 00:49   #75
stryker mcqueen
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Quote:
Originally Posted by foodiewarrior View Post
no bank will issue a mortgage letter saying for which amount you applied for. like "Conor McGregor applied for a mortgage of 1,000,000 and was duly rejected."
so the whole process is a big joke. 
I applied in South Dublin CoCo. I applied here because I live in Tallaght for 5 years and this is where I want to buy  and settle down.
But they are imposible to deal with. They asked for several papers which no other county asked for. So I went in to submit my papers. You need to submit them at the help desk where all other county council maters are handled. The lady was like, yeah sure, all the papers are fine, everything is fine.
So 6 weeks later I got a rejection letter because apparently many more papers are missing. I rang them several times. The secretary answers, when he answers, and reads my rejection letter over and over. I ask can I meet with someone from housing. He said NO, they do not want to meet with you, they are busy with other applications. I ask him can he tell me which papers are missing. He tells me he has no idea as he is just a secretary and just files the papers. I ask to speak with the people who actually work in housing and they every time say that is not possible.
So they take in your application. And most times something is missing because the underwriters need papers which are not on the checklist. And they will not in any case contact you. Even tho I gave them my phone number and email address and home address repeatedly. They say it is not their job to contact with me. So they send on the application to the underwriter and it gets rejected because of missing papers. And they come back to you saying you were rejected.
So this is the council our tax money goes towards. They are not working for the benefit of people. They are just receiving the applications and filing the rejection letters.
So good luck. You might as well apply in another county council asap. After having to deal with So Du CoCo I'm not sorry I'll be leaving Tallaght, because I don't want to live in a county which works like this.
Yea we had a great meeting with Dublin city council which felt a lot more professional so to speak , I don't think it's unreasonable to expect a sit down appointment for something of this nature .

And having their own checklist makes a mockery of the scheme , very hard not to get frustrated with this council
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