MortgageBrkr said:"We were approved for 100% mortgage recently thru our broker & a certain bank, loan offer sent to solicitors and we signed the contracts."
I've had a couple of cases similar to this. Once our clients signed the contracts (Which are legal documents) the lenders could not withdraw the offer.
Does your broker have a good relationship with the lenders??
I would dispute this with the lenders and get some legal advice.
MortgageBrkr said:"We were approved for 100% mortgage recently thru our broker & a certain bank, loan offer sent to solicitors and we signed the contracts."
I've had a couple of cases similar to this. Once our clients signed the contracts (Which are legal documents) the lenders could not withdraw the offer.
Does your broker have a good relationship with the lenders??
I would dispute this with the lenders and get some legal advice.
Mag2006 said:Definatley seeking legal advice on this. I am a logical & reasonable person and I cannot define how they can go ahead, give us WRITTEN LOAN APPROVAL FOR 100% LTV , let us sign legally binding contracts and then say "Oh hang on there now, think we made a MISTAKE!!!!". I am not standing for this nomatter what. Hubbie and I are marching up to their head office in about an hours time, how dare they try and screw all this up on us!. RAGING!!!!
Sarah W said:The application form asks if you have "ever fallen into arrears" (or words to that effect) so if this was answered incorrectly you can hardly blame the bank. I'm pretty sure you'll get this resolved but shouting at people for what is patently your (or your husband's) error might be somewhat counterproductive.
Sarah
www.rea.ie
well it depends on the wording. It would be very very naughty if there was an unregistered ARCHIVE of old ICB data lying about that bank though , positively illegal in fact . Check with the data protection people on this www.dataprivacy.ie !Mag2006 said:Sarah,
we filled all this out with broker present and he told us there was no need to tell them about the arrears as it was not on our ICB and the age of it. He said there was no way it would be picked up so why explain something that doesn't matter!!. Well it does now.
You do but !I actually think I have a right to partially blame the bank, we have healthy bank accounts etc, all the criteria required and 4 missed payments over 5 years ago means they can reduce the loan they want to give us by €44k!!. Thing is all that was owed on the loan in the end incl arrears was IEP£2,300, that was before the euro changeover even!!. GRRRR!!.
In a nutshell MagMag2006 said:You do but !
1.when was the last payment missed on this loan (years)- March 2000(6years)
2. when was the loan finally cleared.(years)April 2000 (6 years)
3. was there a judgement of any sort or a stubbs entry ??? No, 100% certain of that, have confirmation letter from bank when it was paid off stating no liablilty to bank and no judgements were obtained.
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