Dublin city council house purchase loan

pebbles 12

Hi i was just wondering has anyone out there got a house purchase loan from dublin city coporation?
Im a first time buyer and looking to buy a house pretty soon.
over the last year ive been getting the same old story from the banks "your not ready come back in 6 months"
im just tired of it now and really anxious to buy a house.
im in full time permanent employment.
The dublin city council house purchase loan seems like my only option but they need 2 letters from banks refusing me but over the last year ive just been told to save more and come back in 6 months how can i get a loan refusal if they just keep telling me to come back. can i just say look just put it through i want to be refused????
hopefully someone out there can help me

thanks

nessabeaut

You can go to your local bank and just ask for a letter to be typed up should only take a day or two for them to post it out. You will be looking at a year for the council to process application. I applied in may and still no word and could be months before i do.

pebbles 12

thanks for the reply. i looked into a few banks and they were happy enough to write a letter on the basis i didnt have the deposit. but wen i rang the corporation back they informed me that there rules have changed and now need a 10% deposit. they sed last year it was only 3%. awh well.. suppose its another few months saving so.

nessabeaut

pebbles 12 wrote: »

thanks for the reply. i looked into a few banks and they were happy enough to write a letter on the basis i didnt have the deposit. but wen i rang the corporation back they informed me that there rules have changed and now need a 10% deposit. they sed last year it was only 3%. awh well.. suppose its another few months saving so.

That doesn't seem fair I applied in May and got the 3% deposit. Did they say when that changed because its under the 1995 tenant purchase scheme which ends dec 2012.

pebbles 12

oh really??? i must look into that..
i just believed them when they told me.. maybe there trying to phase it out cos its getting close to december.
i didnt realise u had to wait ages tho.. just thought once ur giving approval u can go looking for houses?

nessabeaut

Its getting approval though that is the long tiring process. Applied in May and still no closer to getting an answer to whether i am getting the loan or not saying i will be looking at Jan before i hear back.