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mortgage 20% scenario

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  • 10-10-2014 10:05am
    #1
    Al 25
    Registered Users Posts: 125 ✭✭


    Hey I have a 16% deposit will I really need to have 20% surely this will be sufficient


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    #2
    Bank of Ireland: Billy
    Closed Accounts Posts: 1,066 ✭✭✭Bank of Ireland: Billy


    Hi Al 25, 

    Many thanks for our post.

    We have extensive mortgage information here
    The website also has details on how to arrange a meeting with an advisor or arrange a call-back at a convenient time that suits you. 

    Thanks

    Billy


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    #3
    Al 25
    Registered Users Posts: 125 ✭✭Al 25


    Sorry its very straight forward my partner and I are looking at a house thats 350000 I have a 17% deposit which is just under 60000 and outstanding savings history would I get a mortgage or not!!


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    #4
    Bank of Ireland: Alison
    Closed Accounts Posts: 1,060 ✭✭✭Bank of Ireland: Alison


    Hi Al 25

    Sorry we can't give a definitive answer here, as applications are dealt with on a case to case basis and also terms and conditions apply. 

    It will be best to speak with an Advisor within this Department. Our Advisors will be happy to answer all of your queries in relation to your mortgage application and assist you with the process also.

    Thanks
    Alison


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    #5
    Al 25
    Registered Users Posts: 125 ✭✭Al 25


    Oh yeah go through all the hoops waste time and yours and the answer will be a big fat no , very simple question that cant be answered other massive reason why alot of people wont bank with u guys and why your bank has a such a bad name and your business goes to ebs .
    Thanks


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    #6
    GarIT
    Registered Users Posts: 8,671 ✭✭✭GarIT


    Al 25 wrote: »
    Oh yeah go through all the hoops waste time and yours and the answer will be a big fat no , very simple question that cant be answered other massive reason why alot of people wont bank with u guys and why your bank has a such a bad name and your business goes to ebs .
    Thanks

    Will you calm down, nobody is going to answer a question like that online. You are only talking to a PR person. If the mortgage requires 20% and you have 17% the answer is no. You can't ask if you will get a mortgage or not on that one factor.

    Personally I don't bank here but have never heard anything about them having a bad name.

    You will probably need to jump through the hoops to get an answer but no sensible person would answer you without all the information they need. The bank wont know if you will get a mortgage until you have fully completed the application.

    Your posts don't seem mature enough for you to get a mortgage.


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    #7
    Al 25
    Registered Users Posts: 125 ✭✭Al 25


    Garl T I talked to two other banks on friday and they gave a conclussive answer .


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    #8
    Al 25
    Registered Users Posts: 125 ✭✭Al 25


    Garl T I talked to two other banks on friday and they gave a conclussive answer .


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    #9
    GarIT
    Registered Users Posts: 8,671 ✭✭✭GarIT


    Al 25 wrote: »
    Garl T I talked to two other banks on friday and they gave a conclussive answer .

    They told you that you could have a mortgage by you just telling them how much you have saved. No wonder this country went to **** with things like that going on.

    So is it two banks and EBS or do you think EBS is a bank?


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    #10
    Saipanne
    Closed Accounts Posts: 4,882 ✭✭✭Saipanne


    Gimme a mortgage!!!

    Gotta love the attitude.


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    #11
    The Voice of reason
    Registered Users Posts: 119 ✭✭The Voice of reason


    I sincerely doubt this is the case, at best they would give approval in principal, but with just that detail? No!

    To be fair, BOI are the only one who give full approval in 24 hours, so why not just be a grown up and apply? It's the only way you get a proper answer, and the only way you SHOULD get a proper answer, can't get approval on hypothetical scenarios
    Al 25 wrote: »
    Garl T I talked to two other banks on friday and they gave a conclussive answer .

    I sincerely doubt this is the case, at best they would give approval in principal, but with just that detail? No!


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