Hi,
I have applied for a mortgage to a well known Irish bank. I happen to be listed as a director of my employers company. I do not have any shareholding whatsoever, I am just a named director, so I can handle certain legal transactions on behalf of the company, as all other directors reside abroad.
The bank however, insist on me giving them copies of past 3 years audited accounts, before they finalize my application!!!
I simply cannot understand the logic. Can anyone enlighten me?
R
I have applied for a mortgage to a well known Irish bank. I happen to be listed as a director of my employers company. I do not have any shareholding whatsoever, I am just a named director, so I can handle certain legal transactions on behalf of the company, as all other directors reside abroad.
The bank however, insist on me giving them copies of past 3 years audited accounts, before they finalize my application!!!
I simply cannot understand the logic. Can anyone enlighten me?
R