cherry_blossom
Registered User
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- 1
Hi,
Been reading this forum for a while - very helpful when going through the mortgage process.
About 9 years I got a credit card and moved away to Australia and forgot about the final balance of about 600 euro. This was with BOI. ( so young and stupid - don't judge!)
When I came back, I never returned to that address and have been at my current address for about 8 years now.
Since then I've gotten a credit card with another bank and 1-2 smaller credit union loans which are all paid back on time since.
I got mortgage approval in principle from 3 banks, all with an exception to borrow 4 x salary. I decided to go with Bank of Ireland and got the full approval letter and paid my deposit. I will be requesting the drawdown in the next couple of weeks when the house is ready.
My questions are -
Would the credit check have been part of the application process? Presumably they would do a background check on the person applying before offering the loan offer letter, which I signed and returned before I paid my deposit?
I know they will run another credit check before they issue the funds and there has been 0 change in my circumstances. Is it reasonable to think I should have little to worry about since 3 banks offered me approval with an exception and I've gotten credit from other institutions in the past 5 years?
Does anyone have any advice about what I could do in the meantime to put my mind at ease?
Thanks in advance!
Been reading this forum for a while - very helpful when going through the mortgage process.
About 9 years I got a credit card and moved away to Australia and forgot about the final balance of about 600 euro. This was with BOI. ( so young and stupid - don't judge!)
When I came back, I never returned to that address and have been at my current address for about 8 years now.
Since then I've gotten a credit card with another bank and 1-2 smaller credit union loans which are all paid back on time since.
I got mortgage approval in principle from 3 banks, all with an exception to borrow 4 x salary. I decided to go with Bank of Ireland and got the full approval letter and paid my deposit. I will be requesting the drawdown in the next couple of weeks when the house is ready.
My questions are -
Would the credit check have been part of the application process? Presumably they would do a background check on the person applying before offering the loan offer letter, which I signed and returned before I paid my deposit?
I know they will run another credit check before they issue the funds and there has been 0 change in my circumstances. Is it reasonable to think I should have little to worry about since 3 banks offered me approval with an exception and I've gotten credit from other institutions in the past 5 years?
Does anyone have any advice about what I could do in the meantime to put my mind at ease?
Thanks in advance!