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flexible mortgage lender?

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  • 20-10-2006 6:57pm
    #1
    Ogie16
    Registered Users Posts: 143 ✭✭


    is there any lender out there that has a reputation for being a bit easy going when handing out the cash? in other words not too strict and only too happy to throw out the money to you when you apply


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    #2
    telecaster
    Registered Users Posts: 528 ✭✭✭telecaster


    use a mortgage broker, they will take your details around all the lending institutions and find the best deal for you


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    #3
    serotonin_sam
    Closed Accounts Posts: 204 ✭✭serotonin_sam


    Ogie16 wrote:
    is there any lender out there that has a reputation for being a bit easy going when handing out the cash? in other words not too strict and only too happy to throw out the money to you when you apply

    You obviously have something in mind here. Be a bit more specific and someone here will know if you can get it through the mortgage process or not.


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    #4
    Ogie16
    Registered Users Posts: 143 ✭✭Ogie16


    No i don't have anything in mind. I just mean are some lenders quite willing to give an individual a large mortgage when the person might not be earning a great deal or have the capacity to repay. Do some show little in the way of responsibility


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    #5
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    You're not really giving enough information.
    What you are suggesting would be foolhardy in the extreme for a lender (any lender), they would not last very long in the market place.
    There are rules that have to be followed when lending to the mortgage market- while these rules may have morphed into something entirely different from where they were a few short years ago- it is highly unlikely that any lender would leave themselves open in the manner that you are suggesting.


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    #6
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    Ogie16 wrote:
    I just mean are some lenders quite willing to give an individual a large mortgage when the person might not be earning a great deal or have the capacity to repay. Do some show little in the way of responsibility
    All of them.


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    #7
    Board@Work
    Registered Users Posts: 375 ✭✭Board@Work


    I found IIB only too happy to throw money at me. far more than any other lender.

    I had to lock into a fix rate for three years however or 1 year interest only.


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    #8
    Ogie16
    Registered Users Posts: 143 ✭✭Ogie16


    Thats what i mean there now, IIB by the post seem happy to give out maybe more than they should


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    #9
    serotonin_sam
    Closed Accounts Posts: 204 ✭✭serotonin_sam


    Basically, you get your p60, 6 months bank statements and a generic salary cert (so you dont have to keep going back for more) from work.

    Ring up ALL of the banks - get them to mail out the mort. application forms. Fill them all in and see what comes back.


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