Have you submitted all the income details already? Forms filled by employers, payslips, bank statements etc. If so then you are not doing too bad, if it was just an approval in principle originally based on just income figures you input then it's a bit less secure and you're just really at the start of the application stage.
it felt like we were going around in circles, 3 months and felt like we'd barely moved forward
Originally we were going with a broker to get a mortgage through finance Ireland but didn't have a good experience and it felt like we were going around in circles, 3 months and felt like we'd barely moved forward despite providing everything asked in a timely manner.
We decided to apply with our own bank, AIB, through the online process. We'd gone sale agreed on our house and the house we wanted to buy. Now AIB have said the next step is our letter of offer and have asked for details on the house, exact mortgage we want, fixed/variable rate, solicitor details and the likes.
I was just wondering does this mean we practically have the mortgage or is there still a good chance they'll say no? I know there's no 100% guarantee until we get the letter of offer. We've never had a mortgage before so all new to us and we don't want to get too ahead of ourselves!
we had AIP from finance ireland, like you said, long time for the process, after we have house gone sale agreed, booking deposit paid, applied for loan offer and got denied. nothing changes from our side, all documents ready.
We have the house gone sale agreed less than 3 weeks from the date AIP came and applied for formal approval. However, our application went to underwriter again(2nd time less than 3 weeks) and the underwriter overthrew the AIP. Our jobs, incomes nothing changed, some how, they refused us anyway.Yeah I really wouldn't recommend them to anyone. It was far more stressful than its been with our bank and we are further along in a month with our own bank than we were after 3 months with finance Ireland.
We have the house gone sale agreed less than 3 weeks from the date AIP came and applied for formal approval. However, our application went to underwriter again(2nd time less than 3 weeks) and the underwriter overthrew the AIP. Our jobs, incomes nothing changed, some how, they refused us anyway.
Waiting for the broker back to work to see if there are other options, also thinking to apply with our own bank.Have you since gone to anyone else to see if you've better luck? As if buying a house isn't stressful enough!
Congratulations.Just a quick update on this. Our mortgage was approved today and letter of offer has been sent! Quick enough turn around considering Christmas and new year.
Sorry I was offline there for a while!Hi Pixy91,
How did you find doing the eMortgage process with AIB?
Congratulations on your approval.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?