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Mortgages - How long before the full approval?

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  • 19-11-2013 11:21pm
    #1
    Someday
    Registered Users Posts: 379 ✭✭


    how long did it take? Which bank?

    They all say 5 days but I am hearing months from people!

    Full application.


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    #2
    The_Morrigan
    Registered Users Posts: 9,368 ✭✭✭The_Morrigan


    Someday can you please write a proper OP.
    This is the second thread you have started with a vague opening post. Full sentences and a bit of background to allow other users to respond in a helpful manner would be helpful.
    Right now your post is akin to asking "how long is a piece of string? ".


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    #3
    Someday
    Registered Users Posts: 379 ✭✭Someday


    How long did it take you to get full mortgage approval and which bank did you use?


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    #4
    Roselm
    Registered Users Posts: 753 ✭✭✭Roselm


    Someday wrote: »
    How long did it take you to get full mortgage approval and which bank did you use?

    Boi and UB give full mortgage approval when you apply.Takes 5-7 days approx.Other banks give you approval in principle initially.These two skip this step.You can still meet them first to get a ballpark figure.


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    #5
    miezekatze
    Registered Users Posts: 1,341 ✭✭✭miezekatze


    AIB took about a week until we got approval in principle. They will only give full approval once you're sale agreed on a property and can provide details for that specific property (valuation survey). That will take about 2 weeks then I think.


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    #6
    Dortilolma
    Registered Users Posts: 255 ✭✭Dortilolma


    Took 2 weeks to hear back from AIB and EBS. Permanent TSB took about 3 weeks.

    Then again our circumstances were a little different and extra documentation was needed.


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    #7
    Someday
    Registered Users Posts: 379 ✭✭Someday


    Did the Approval in Principe from the Branch match what the underwriter was willing to lend you?


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    #8
    Lou1984
    Registered Users Posts: 27 ✭Lou1984


    I applied in June with Bank of Ireland and got full approval in 1 week including the weekend, so it was fairly quick.


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    #9
    Someday
    Registered Users Posts: 379 ✭✭Someday


    @lou1984 first time buyer ?


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    #10
    Lou1984
    Registered Users Posts: 27 ✭Lou1984


    Hi yes myself and my boyfriend are first time buyers going through a house sale since June. So frustrating.


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    #11
    Rachell874
    Registered Users Posts: 8 ✭Rachell874


    We put through an application with BOI and waited 3 months for an actual reply which was 60k under their initial in principle approval it was a complete circus and a waste of our time dealing with them - I wouldn't believe a word they say in their adverts about granting mortgages. We have good savings, no debts and 2 permanent jobs yet can't seem to get approval - I'm now back in another approval process which seems to be taking equally as long - I am almost giving up hope of ever getting approval.


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    #12
    decg
    Registered Users Posts: 6 ✭decg


    Applied in late August via broker and its still on going, hopefully it will be completed in the coming weeks, banks turn around time is horrendous


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    #13
    Someday
    Registered Users Posts: 379 ✭✭Someday


    Do either of you have a current property at the moment, I know the don't like giving out second mortgages!


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