El_Pedrino
Registered User
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- 3
Have AIP from BOI to borrow up to 220k, and am a first time buyer.
Offer of 336k accepted on a house (asking 340k), and initial plan was to use a 200k gift from family members, borrow 136k. (I have savings of 31k and outgoing rent of 1k each month.) So yesterday I rang BOI, giving them house details etc and they said that they would forward the change in proposal on to the underwriters, but didn't think there would be any problem at all approving it.
Some time later yesterday, having considered a few things, I would like to instead borrow 150k of the price. I did ring BOI, couldn't find the person I spoke to the last time, and the person at the other end claimed she'd find him and get him to make the change. To be honest, from past dealings, I have little/no confidence with such assurances!
Assuming that this does go further with the 136k figure, how difficult is it to revise? Offer has only been accepted on house in the last couple of days so drawdown is not imminent.
Offer of 336k accepted on a house (asking 340k), and initial plan was to use a 200k gift from family members, borrow 136k. (I have savings of 31k and outgoing rent of 1k each month.) So yesterday I rang BOI, giving them house details etc and they said that they would forward the change in proposal on to the underwriters, but didn't think there would be any problem at all approving it.
Some time later yesterday, having considered a few things, I would like to instead borrow 150k of the price. I did ring BOI, couldn't find the person I spoke to the last time, and the person at the other end claimed she'd find him and get him to make the change. To be honest, from past dealings, I have little/no confidence with such assurances!
Assuming that this does go further with the 136k figure, how difficult is it to revise? Offer has only been accepted on house in the last couple of days so drawdown is not imminent.