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How long to wait for mortgage approval?

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  • 27-04-2011 3:12pm
    #1
    BillieB
    Registered Users Posts: 21 ✭


    I have applied for a mortgage and am waiting almost 3weeks now :O I am getting really annoyed at this stage - was told there is a back log :( How long did everyone else have to wait??!!!


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    #2
    broker2008
    Registered Users Posts: 750 ✭✭✭broker2008


    Depends on the institution, the loan to value, all the paperwork being in etc. Lenders market and all of that. Give them a call looking for update or perhaps you can check online or your broker will chase for yu or branch if dealing direct.


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    #3
    BillieB
    Registered Users Posts: 21 ✭BillieB


    Thanks :) Gave all the required documents in at start of application. Am sick ringing broker all they keep saying is bank said there is a backlog and we will just have to wait :mad:


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    #4
    MortgageBroker
    Registered Users Posts: 60 ✭✭MortgageBroker


    In short you are being dicked around if you haven't gotten a preliminary answer - assumption being that you have given in most of the necessary docs to get a preliminary answer with.


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    #5
    broker2008
    Registered Users Posts: 750 ✭✭✭broker2008


    Did you get sorted ?


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    #6
    BillieB
    Registered Users Posts: 21 ✭BillieB


    Yes I did thanks so its all systems go :)


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    #7
    Loraco
    Registered Users Posts: 12 ✭Loraco


    Hey all,
    hope it is ok to jump into this mortgage approval thread....
    I am hoping to apply for a mortgage very soon but have been just today been offered a new (better paying) job and am now very worried that I won't stand a chance at getting one until next year having to wait at least six months into a new position...which will mean that by then the tax relief for first time buyers will be gone forever :( what to do? has anyone changed jobs while in the process of applying for a mortgage? Any advice would be great ;)


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    #8
    BillieB
    Registered Users Posts: 21 ✭BillieB


    You dont have to be in a job 6 months its 3 months. Just once its permanent and you are not on probabtion. Also once its not in a high risk industry like construction. I got a mortgage with AIB and my partner is in job only 5 mths when we applied.


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