Government Funds Local Authority Housing Scheme

stryker mcqueen · 28-06-2018 11:05am

Letter received from fingal today to advise our application has been sent to the housing authority ....... amazing how they didn't have the same issues as south Dublin county council who are clearly doing this scheme their own way

Sam2904 · 04-07-2018 5:03pm

Hi all.has anyone got approval for a new build/self build if so how long do you get mortgage approval for. We applied and our house isnt ready until february. Just wondering will we have to start the whole process again

robbo25 · 04-07-2018 10:09pm

Hi - just gone sale agreed. Has anyone drawn down their loan yet? Just wondering how long and smooth this process is going to be??

Sammylok1977 · 06-07-2018 2:38pm

I m single application and apply DCC the 23th May and I got the loan approval the 5th July . Is almost 7 weeks!! So happy

LK1988 · 06-07-2018 2:44pm

Sammylok1977 wrote: »

I m single application and apply DCC the 23th May and I got the loan approval the 5th July . Is almost 7 weeks!! So happy

Congratulations. We are coming up to 6 weeks wait now.

stryker mcqueen · 06-07-2018 2:53pm

Sammylok1977 wrote: »

I m single application and apply DCC the 23th May and I got the loan approval the 5th July . Is almost 7 weeks!! So happy

Congratulations , letter received today with decision , will be opening after work so hopefully I'll be back on here with good news

Sammylok1977 · 06-07-2018 3:22pm

Congratulations to you too!!
May I ask which one I should sign ?? Seem have 3 forms included but I haven't have a clue which one I should submit because I haven't find any property and not yet contact my solicitor :-(

Sammylok1977 · 06-07-2018 3:22pm

Congratulations to you too!!
May I ask which one I should sign ?? Seem have 3 forms included but I haven't have a clue which one I should submit because I haven't find any property and not yet contact my solicitor :-(

Sammylok1977 · 06-07-2018 3:23pm

Thank you and seem quick to receive now then before I have no clue which form I should sign to submit

rachieqtpie · 06-07-2018 4:05pm

Sammylok1977 wrote: »

Thank you and seem quick to receive now then before I have no clue which form I should sign to submit

If I remember correctly one is for you to keep one if for your solicitor and one for county council. Think it had it in header of letter which was which. Can check when I’m home

Sammylok1977 · 06-07-2018 4:23pm

rachieqtpie wrote: »

Sammylok1977 wrote: »

Thank you and seem quick to receive now then before I have no clue which form I should sign to submit

If I remember correctly one is for you to keep one if for your solicitor and one for county council. Think it had it in header of letter which was which. Can check when I’m home

Thanks so much!!! How long you have been wait ?? So many people got declined!! I m feel like winning jackpot!!

stryker mcqueen · 06-07-2018 6:24pm

stryker mcqueen wrote: »

Congratulations , letter received today with decision , will be opening after work so hopefully I'll be back on here with good news

So got approval for less than we applied for , but approval all the same !!!!!

Sammylok1977 · 06-07-2018 11:19pm

stryker mcqueen wrote: »

stryker mcqueen wrote: »

Congratulations , letter received today with decision , will be opening after work so hopefully I'll be back on here with good news

So got approval for less than we applied for , but approval all the same !!!!!

Congratulations!!! I got loan approval today just 7 weeks apply,Now is my time to house hunting!! Hopefully will get it. Prayed !!

Sammylok1977 · 06-07-2018 11:21pm

Just want to thank you to everyone who give the comments and advice in Boards, is helped me a lot when apply the loan!! Thanks everyone

triple nipple · 16-07-2018 7:07pm

Anyone managed to draw down yet?

tomekJ · 16-07-2018 10:30pm

Apologies if this was asked before. What is the easiest way in peoples experience to get refusal letters from two banks. Would it be acceptable if I apply for instance €250k to two banks get rejected and then look for less from Co Co?

raheny red · 17-07-2018 11:00am

When people applied with Dublin City Coco did you receive any correspondence to say they have looked at your application or anything like that? We applied about 7 weeks ago now. We received word back from Fingal already. Should we be worried about Dublin City Coco or is this normal practise for them?

stryker mcqueen · 17-07-2018 11:20am

raheny red wrote: »

When people applied with Dublin City Coco did you receive any correspondence to say they have looked at your application or anything like that? We applied about 7 weeks ago now. We received word back from Fingal already. Should we be worried about Dublin City Coco or is this normal practise for them?

We got approval after 9 weeks waiting , heard nothing until the letter of approval so I wouldn't worry, you're in the home stretch!

We received a letter from Fingal saying acknowledging our application and that it was being sent to underwriters, have you heard back in terms of rejection/approval? do you mind me asking how long you were waiting?

raheny red · 17-07-2018 11:27am

stryker mcqueen wrote: »

We got approval after 9 weeks waiting , heard nothing until the letter of approval so I wouldn't worry, you're in the home stretch!

We received a letter from Fingal saying acknowledging our application and that it was being sent to underwriters, have you heard back in terms of rejection/approval? do you mind me asking how long you were waiting?

Nice one, that's fantastic news to hear. We were getting worried.

We got the very same letter from Fingal a few weeks ago. Haven't heard anything else from them since.

G'luck.

Sammylok1977 · 17-07-2018 11:27am

raheny red wrote: »

When people applied with Dublin City Coco did you receive any correspondence to say they have looked at your application or anything like that? We applied about 7 weeks ago now. We received word back from Fingal already. Should we be worried about Dublin City Coco or is this normal practise for them?

I applied Dublin CoCo, after 7 weeks, I only received a loan approval letter which mean what CoCo offer me. I accepted the offer and I signed the paper and post back to DCC that's all.

LK1988 · 31-07-2018 8:42am

Just wondering has anybody been rejected after going to the credit commiitee?

syndrome777 · 31-07-2018 5:30pm

guys, how long is the approval for? 6m, 12m?

And do you have to have a property in mind before you are applying?
thanks

Cocobean1 · 31-07-2018 5:57pm

syndrome777 wrote: »

guys, how long is the approval for? 6m, 12m?

And do you have to have a property in mind before you are applying?
thanks

Approval is for 6 months as far as I know. I didn't have to put down a property on the form. I checked with rebuilding Ireland and they said it was ok not to.

autumnbelle · 01-08-2018 9:56am

Does the mortgage cover legal costs?

Cocobean1 · 01-08-2018 12:50pm

autumnbelle wrote: »

Does the mortgage cover legal costs?

No you have to cover your own legal costs and the council's seemingly

Macros · 01-08-2018 1:05pm

So we just received our refusal letter in the post today, 10 weeks since we applied

1. Repayment Capacity Not Demonstrated (we pay €1100 rent per month and save €700, surely this shows our capacity to repay a mortgage?)
2. Net Income Ratio Outside of Policy (We are well under the upper limit)
3. Sufficiently Committed. (no idea about this one, we don't have any loans or credit card debt, what else could this mean? Children?)

Any advice on appealing?

Tried calling the contact listed on the letter for further explaination but am only getting her voicemail all morning

robbo25 · 01-08-2018 1:58pm

Cocobean1 wrote: »

autumnbelle wrote: »

Does the mortgage cover legal costs?

No you have to cover your own legal costs and the council's seemingly

Hi Cocobean, we have gone sale agreed and are currently waiting on the council to send out our loan documentation. We have not been advised of any council costs we need to cover. Where did you hear this?

autumnbelle · 01-08-2018 2:33pm

robbo25 wrote: »

Hi Cocobean, we have gone sale agreed and are currently waiting on the council to send out our loan documentation. We have not been advised of any council costs we need to cover. Where did you hear this?

Its in the letter of approval in principal

stryker mcqueen · 01-08-2018 2:34pm

autumnbelle wrote: »

Its in the letter of approval in principal

Depends on the council , they're not all doing this

robbo25 · 01-08-2018 2:53pm

Thanks, will have a look at it later.

Cocobean1 · 01-08-2018 4:05pm

robbo25 wrote: »

Hi Cocobean, we have gone sale agreed and are currently waiting on the council to send out our loan documentation. We have not been advised of any council costs we need to cover. Where did you hear this?

The council told me when I met with them to give in my application. I had also heard it from a friend of mine that had applied.

autumnbelle · 01-08-2018 6:16pm

stryker mcqueen wrote: »

Depends on the council , they're not all doing this

Surely they should all have same rules

LK1988 · 01-08-2018 7:06pm

Macros wrote: »

So we just received our refusal letter in the post today, 10 weeks since we applied

1. Repayment Capacity Not Demonstrated (we pay €1100 rent per month and save €700, surely this shows our capacity to repay a mortgage?)
2. Net Income Ratio Outside of Policy (We are well under the upper limit)
3. Sufficiently Committed. (no idea about this one, we don't have any loans or credit card debt, what else could this mean? Children?)

Any advice on appealing?

Tried calling the contact listed on the letter for further explaination but am only getting her voicemail all morning

Sorry to hear that, its crap. Which coco was this? Did you hear this after the credit committee meeting or did you get that far?

Macros · 01-08-2018 7:46pm

LK1988 wrote: »

Sorry to hear that, its crap. Which coco was this? Did you hear this after the credit committee meeting or did you get that far?

Thanks, it's so disappointing. It's Cork CoCo. I have no idea how far it went. Handed in my application in person 10 weeks ago, was told it would be sent to Dublin and would take 8 to 10 weeks to come back, and then a further up to 2 weeks with the housing officer in Cork.

Tried all day to contact someone in Cork CoCo in the hopes that they can give me a bit more info and we can appeal, but to no avail.

raheny red · 04-08-2018 10:21pm

Got accepted by Fingal yesterday. They took exactly 2 weeks longer than Dublin City and offered a little less than them too.

SNNUS · 04-08-2018 10:25pm

Best of luck to everyone, moving in time very soon

stryker mcqueen · 05-08-2018 12:48pm

raheny red wrote: »

Got accepted by Fingal yesterday. They took exactly 2 weeks longer than Dublin City and offered a little less than them too.

Great congrats , we actually went sale agreed last week on a house in DCC so looks like we won't be needing the fingal loan after all , would still like to hear from them all the same!!

raheny red · 07-08-2018 11:31am

stryker mcqueen wrote: »

Great congrats , we actually went sale agreed last week on a house in DCC so looks like we won't be needing the fingal loan after all , would still like to hear from them all the same!!

Excellent stuff. How was that process with DCC?

stryker mcqueen · 07-08-2018 11:41am

raheny red wrote: »

Excellent stuff. How was that process with DCC?

Early days still , Survey was done last Friday and we have to organise an independent valuation , once I have those reports in hand we've to meet with the DCC rep to finalise, but having spoken to them im hopeful it will be a straight forward process!

Cocobean1 · 07-08-2018 2:55pm

Has anyone used this to purchase a new house to builders finish? Was there any issue?

OCDee · 09-08-2018 12:20pm

Question for people who have been approved...Did you get approval over the phone or was it by post / letter?
We've been waiting 12+ weeks since applying.

stryker mcqueen · 09-08-2018 12:39pm

OCDee wrote: »

Question for people who have been approved...Did you get approval over the phone or was it by post / letter?
We've been waiting 12+ weeks since applying.

Post with Dublin city and South Dublin

LK1988 · 09-08-2018 1:44pm

OCDee wrote: »

Question for people who have been approved...Did you get approval over the phone or was it by post / letter?
We've been waiting 12+ weeks since applying.

Ive heard of both, I have been hounding SDCC for an answer. Called yesterday and they said their credit committee is sitting today and on Monday so if I am in the Thursday batch they will be able to tell me tomorrow but then followed up with a letter.

What they say and what they do probably differs.

OCDee · 09-08-2018 2:02pm

How are you contacting SDCC?

LK1988 · 09-08-2018 2:12pm

OCDee wrote: »

How are you contacting SDCC?

Just call them and ask to speak to somebody who can give you an update on a rebuilding ireland homeloan.

I call them all the time 014149000

I'm 10 weeks waiting.

OCDee · 09-08-2018 2:21pm

Thanks LK1988. I feel your pain, we've been waiting a very long time. First applied in February, Reapplied in April with adjusted figures. We havn't heard a thing since. Can't seem to get any info from CC or helpline.

LK1988 · 09-08-2018 2:23pm

OCDee wrote: »

Thanks LK1988. I feel your pain, we've been waiting a very long time. First applied in February, Reapplied in April with adjusted figures. We havn't heard a thing since. Can't seem to get any info from CC or helpline.

Ring and ask for Amy. Shes very good and will give you a straight answer.

OCDee · 09-08-2018 3:01pm

LK1988 wrote: »

OCDee wrote: »

Thanks LK1988. I feel your pain, we've been waiting a very long time. First applied in February, Reapplied in April with adjusted figures. We havn't heard a thing since. Can't seem to get any info from CC or helpline.

Ring and ask for Amy. Shes very good and will give you a straight answer.

They were very nice on the phone but only deal with South County Dublin. We are based in Cork, we havn't been able to get much info from our own CC as regards our current status.

kavo87 · 09-08-2018 3:12pm

Does anyone have the direct number for Fingal the number I got 018906752 keeps going straight to mailbox.

metricspaces · 11-08-2018 9:03am

Got my response back yesterday after 10 weeks. Declined! Two reasons were given:

Not showing repayment capacity
Not showing source of savings

At a high level this scheme is a bit of a joke and a lottery it seems. For two banks two offer me mortgages in two to three week time frames (and with stricter criteria as they stress test your repayment capacity) and the Council spend ten weeks fannying about and offer nothing. Something is clearly wrong.

Few questions if anyone can help with:

1) Appealing Decision

To appeal the decision is it basically going through the same process again and waiting another 10 weeks? Or if there was a mistake made by the Council could it be looked into quicker?

2) Is it unusual to get an outright refusal with not even an offer for a lower amount?

When submitting the application the person I met in Fingal CC told me to put in the max amount allowed by their calculator. She worked it out. She said there was no harm putting in the max and they would still offer a lower amount.

My application included approval in principle letters from two banks. So it's mind boggling that the Council would give a blank refusal and not offer even a lower amount than I requested.

3) For anyone who got refused on showing source of savings. How did you deal with this in an appeal?

My submission included bank statements going back as far as my SSIA (Government Savings Scheme) which is over 10 years ago! All my savings have been accounted for. The lady who helped with my submission in Fingal was happy with it too. This makes me wonder if the underwriters/credit committee got all the documentation I submitted or that there has been some cock up along the line.

It is the same with displaying ability to repay. I included 12 months savings and rent statements that cover more than the amount I would need to repay.

It's not like the Council stress test your repayment capacity like a bank as the Government mortgage provides a guaranteed interest rate so the repayment amount will never change.

4) After a refusal. Did anyone meet face to face with the Council for a more detailed explanation of why they were refused and how the situation can be resolved to the satisfaction of the Council?

From my perspective my submission included documentation that displayed both repayment capacity and source of savings. Without further details from Council I'm snookered.

Government Funds Local Authority Housing Scheme

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