Has anyone heard of this before? The estate agent looking for proof of mortgage? The thing is that we don't have a mortgage, we want to buy in cash, we have a reasonable amount available but not the full asking prices that are out there. We would be putting in offers 20% to 30% lower depending on the property of course. What should be done in this situation? Should we say straight out that we are cash buyers? We can't provide any proof of mortgage but want to view houses!
EA would be wasting time by showing properties to buyers who have no money to buy. So it makes sense if they do basic checks before hand IMO.
It does make sense from that point of view, but I think it's overintrusive - I don't really want to show my financial details, including bank statements, to every Tom, Dick and Harry Estate Agent, so unless all of them demanded it, I'd just give those demanding a miss and go and view properties with more reasonable ones.
Also until you have had a look at a few houses, you might not know how much of a mortgage you need.
I never got a mortgage approval before viewing at least a few houses, any agent who demanded it from me before even bothering to do a viewing would have been told to get real.
I did have to provide a mortgage approval once - but only AFTER putting an offer in. Even then, the piece of paper I provided wasn't really worth much - it just stated that based on the information I provided, the bank would be prepared to lend me x amount subject to usual checks.
There's no question of the OP having to provide bank statements! When I was buying last year, AIB gave me a mortgage approval letter, I tipexed out the amount and scanned it and emailed it to the EA after they had asked for it, makes a lot of sense to me.
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