3 above posts all replied to below.
Originally Posted by Amary
Is it Utmost you are waiting for? I emailed them and they gave me the answer.
MPI crowd seem to offer varied times on getting depending on the medical issues that arise during the teleinterview. Applicants should get full approval for MPI via email or phone and then an official letter from your council, which for some reason I had to send to the Council solicitors at their request (if you read any of my previous rants, my council doesn't have a legal team, so they outsource the legal work to a local legal firm, at my cost of course
so they had no idea i'd been approved.)
Originally Posted by Sloppy_Joe
I believe MPI is only like a tenner a month? How much is home insurance approximately?
If you shopped around you'd be right MPI is quite affordable however with RI if eligible you must be on the councils group MPI scheme, essentially this puts you into the group and premiums are based on averages. The cost of which varies at €80 to €100 p/m depending on the county (from my research which was more focused on commuter counties, I have no idea what the likes of Dublin city or rathdown are charging). If you are not able to avail of the group MPI you must get private MPI with an equal level of cover to that of the Group Scheme.
It's calculated on a reducing balance too, so in theory the premiums should reduce in line with your mortgage and even with this and the rate of 2.25% it's quite competitive repayment vs bank mortgage.
Home insurance I was quoted between €180 to €300 for the year including contents insurance. Shop around on it. It needs to be to the minimum value of the rebuild cost outlined on your valuation and or surveyor report and the councils interest must be noted on the insurance schedule, they request proof of this.
Originally Posted by JJ_2019
I have been to the stage where I signed my mortgage documentation paperwork couple of days back, now how long do u think it will take from her to get the cheque and keys? What is my next step from here?
R they going to call me in to sign more paperwork or what?
I would appreciate your advise
Thanks in advance
I'd contact my solicitor to get an update. Once the documents are signed (although note I had to come in twice to sign documents, so being called in for a few more documents isn't unheard of)and received by the county councils legal team, your solicitor should ask you to send the remainder of the deposit, stamp duty and any council legal fees you are liable for to their client account. If you have already done this or you are in the process, your solicitor makes the necessary transfers and requests for the issuing of cheque, this take a few days. When cheque is received by your solicitor you will have to sign it as it will be in your name and it'll be placed into a client account for you, this will take 5 days to clear, when it is cleared they will transfer the money to the vendor. Keys will then be sent to your solicitor. Stamp duty is to be paid within 3 days of close of sale and then you are homeowners.
I'm not sure you are applying through but my council advised me that if I didn't get the cheque issued by 6th of December I wouldn't get the cheque before mid January as they close over the Christmas period. So if you are hoping to get in before Christmas, get your solicitor to request issuing of cheque asap (provided all documentation has been satisfied).
Hope this helps.