ciara_gmail said:1. Apply with Start Mortgages and pay the higher rate (if the house is not worth losing).
did he tell you the exit costs from Start ???? brokers make a lot of commission on Start you see. More than proper banks.bmg said:Ciara, our messages crossed.
Yes we could start off with Start, out broker has advised that we can in the future change to a standard bank.
walk awayThe problem is we were refused a mortgage pointblank...we cannot even get a 92%.
correct, 5 years - 14 months except that the IIB mortgage refusal has gone on it now and will remain 5 years .It's only 14months since I reschedule the loan with bank of ireland which means this is going to show for 5yrs with the ICB...is this not correct?
2Pack said:the boi will disappear 5 years from the date of the last missed payment. Even if BoI were to play ball the IIB record is also there and your co prospective mortgagee is now linked to the refusal and they also have a black mark , try to get them separated off it .
if you can convince BoI to amend the record then they may show one miss not six which improves matters. You may also put a NOTE in written by you explained what happended and why. That can make a difference.bmg said:2pack..how do I go about this?
Is it worth it to talk to the Bank Of Ireland or would I be making a fool of myself?
Well its maybe 3 years but look at what start WOULD cost you on a €250k mortgage and tell me thats not dead money too.It's very hard to walk away to be honest (even if I don't have a choice)
I'm almost 31 and the thought of having to rent for the next 5years just doesn't appeal to me because of a few missed payments.
if they would give you a retrospective payment holiday that would be nice , and if they amend the record accordingly even better.I'm feeling hard done by here (yes I know this is what happens if you miss yuor payments),had I known at the time, I was later advised I could have actually put my loan on "hold" with the BOI for the duration of my maternity leave...they told me so themselves.
Its time to spring clean the ICB my friend , otherwise predatory or sub prime lenders like GE and Start await you in the long grass .The house is a dream and a bargain...it's very hard to let it go.
Bamhan said:Have you approached the BAnk of Ireland for a mortgage, they know your situation and your track record, would they be willing to lend to you?
Often face to face is a better way of doing things as you can explain yourself better.
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