Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Long Mortgage Approval Turnaround

Options
  • 12-11-2014 12:16pm
    #1
    laurawonda
    Registered Users Posts: 15 ✭


    Hi guys,

    First time buyer waiting on mortgage approval to come through. Have applied to a few banks through a broker two weeks ago and after a load of questions from then banks last week we are now hearing nothing from any of the banks!!!!

    Is anyone else waiting a long time for approval at the min?

    Feeling anxious!!!


Comments

  • Options
    #2
    JoeySully
    Registered Users Posts: 1,276 ✭✭✭JoeySully


    why are you using a broker?


  • Options
    #3
    AfterHrsProp
    Banned (with Prison Access) Posts: 76 ✭✭AfterHrsProp


    JoeySully wrote: »
    why are you using a broker?

    Why not?


  • Options
    #4
    Zamboni
    Registered Users Posts: 4,305 ✭✭✭Zamboni


    AfterHrsProp wrote: »
    Why not?

    Because then the op could just ring the bank directly and get a straight answer on the status and to see if any paperwork is outstanding.
    Now she has to rely on an intermediary who may or may not be a useless individual and his word.


  • Options
    #5
    AfterHrsProp
    Banned (with Prison Access) Posts: 76 ✭✭AfterHrsProp


    Zamboni wrote: »
    Because then the op could just ring the bank directly and get a straight answer on the status and to see if any paperwork is outstanding.
    Now she has to rely on an intermediary who may or may not be a useless individual and his word.

    Well in fairness, if it was as easy as that to deal with a bank concerning mortgages there wouldn't be a need for brokers in the first place.

    There is many advantages to going down the road of a broker in terms of advice, securing a good deal & moving an application along quickly.


Advertisement