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 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!