I'm in full time permanent employment and with what I'm paying for rent at moment would be the same as paying back a mortgage but now the owner has decided to sell and has asked would I be interested in buying. But before this happened I requested an ICB report just for my own piece of mind and I had a battle on my hands with one financial institute on it but I won the war to get it corrected.
Hi Mikel,
First of all thank you so much for your very helpful post above.
When I requested ny ICB report back some months ago after discharge in July 2016 I had alot of time consuming phone calls to make and emails to be sent to my 2 creditors as nothing had been rectified on my report. But in the end I got it sorted and requested letters of proof that I am no longer liable for any debt owing to them. Both accounts have now a W (written off) on them and removal date of mid 2018.
I have in the last few months went into my local credit union asking about a mortgage and its an asset loan they do with a high interest rate and maximum term of 15 years. Its been a long process and not even sure at this point if it will even happen. Everytime I go in with the required paperwork they look for something else. We now have to wait for my partner to complete his 6 month probationary period in his new employment which I believe is standard procedure.
We have been saving with them since beginning of this year and with what we save and pay in rent (as part of my bankruptcy was vacating family home) we have more than enough to cover a mortgage repayment each month.
Would you advise me at this point for myself and my partner approach Bank Of Ireland and AIB and see what they say. Even though our regular saving pattern is with the Credit Union.
Any advice would be much appreciated and thanks again for your helpful and hopeful post.
Going forward.
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