Hi Folks,
I got a mortgage approval letter this week from AIB. It stated they would give me upto €X with the caveat that it could be no more than 75 % of the value of the house. We were hoping to get a 79.9 % mortgage (staying within the 50 - 80 % LTV band).
Is this caveat normal practice? They are essentially demanding a 25 % deposit.
I got a mortgage approval letter this week from AIB. It stated they would give me upto €X with the caveat that it could be no more than 75 % of the value of the house. We were hoping to get a 79.9 % mortgage (staying within the 50 - 80 % LTV band).
Is this caveat normal practice? They are essentially demanding a 25 % deposit.