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Mortgage on a Stamp 4

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  • 08-04-2017 3:28pm
    #1
    c6ysaphjvqw41k
    Closed Accounts Posts: 466 ✭✭


    This post has been deleted.


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    #2
    mickoneill31
    Registered Users Posts: 855 ✭✭✭mickoneill31


    Ailani Shallow Tidewater wrote: »
    This post has been deleted.

    My missus is on a stamp 4. It never came up or was an issue. We were originally with KBC and have since switched to Ulster Bank. Never any hassle.


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    #3
    Victor McDade
    Registered Users Posts: 710 ✭✭✭Victor McDade


    It was an issue for us at the end of last year. They wouldn't recognise my wife's earnings as she's on stamp 4. Resulted in an offer of around 66% of what their guideline offer would be.
    They're the only bank that have this rule that I know of


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    #4
    c6ysaphjvqw41k
    Closed Accounts Posts: 466 ✭✭c6ysaphjvqw41k


    This post has been deleted.


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    #5
    c6ysaphjvqw41k
    Closed Accounts Posts: 466 ✭✭c6ysaphjvqw41k


    This post has been deleted.


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    #6
    mickoneill31
    Registered Users Posts: 855 ✭✭✭mickoneill31


    Ailani Shallow Tidewater wrote: »
    This post has been deleted.

    KBC was 8 years ago. Ulster Bank was last year.


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    #7
    mickoneill31
    Registered Users Posts: 855 ✭✭✭mickoneill31


    Ailani Shallow Tidewater wrote: »
    This post has been deleted.

    When you're going for approval they ask for copies of ID. I can't remember if they specify passport.


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    #8
    hammy007
    Registered Users Posts: 65 ✭✭hammy007


    Ailani Shallow Tidewater wrote: »
    This post has been deleted.

    I'm on a stamp 4, and we were approved in principle by a few banks. Could just be a KBC thing? I would treat it as a "don't ask don't tell" kind of thing. I wouldn't specifically mention it unless they ask, and it never came up in our conversation with the banks.


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    #9
    c6ysaphjvqw41k
    Closed Accounts Posts: 466 ✭✭c6ysaphjvqw41k


    This post has been deleted.


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    #10
    bluesmaug
    Registered Users Posts: 12 ✭bluesmaug


    Ailani Shallow Tidewater wrote: »
    This post has been deleted.


    My spouse and I are both on Stamp 4. We tried applying for mortgage with KBC based on two stamp 4 permits but they said that either us should have an Irish passport for them to approve. So we didn't proceed with our application with them.
    We went with Ulster and AiB instead and got the same interest rate as KBC with Ulster. Both the banks fully approved us.

    I would recommend finding a good broker and applying to all other lenders. Almost all the lenders accept Stamp 4.

    All other stamps (1, 2 etc) will be rejected.


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    #11
    Utkarshu
    Registered Users Posts: 1 ✭Utkarshu


    I went to ulster and said they can only approve 80% of the house value on stamp 4 even for first time buyer.


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    #12
    Squozen
    Registered Users Posts: 117 ✭✭Squozen


    I tried with KBC a few weeks ago and even though I make enough to pay off the loan (€62k/annum), they told me that as long as my wife's on a stamp 4 we'd need to earn €100k/annum for them to give us a mortgage.

    So, we'll be looking elsewhere.


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    #13
    Islamda
    Registered Users Posts: 1 ✭Islamda


    My partner and I wanted to submit a mortgage application but they wouldn’t take it beacuse my partner has a stamp 4 visa. We both had all the necessary documents and everything including our salary certs completed. I thought it was very unfair of them not to accept the application beacuse of that reason. All the other banks had no problems with this and when we asked what was their reason, the advisor we were speaking to could only say that it’s just in their policy and in my opinion this a somewhat discriminatory. Also we did a lot of research before making the application and it’s not mentioned on their websit. WOULD NOT RECOMMEND FOR ANY INTERNATIONAL PEOPLE WHO ARE LOOKING TO OPEN AN ACCOUNT WITH THEM AS THEY DONT TREAT PEOPLE EQUALLY. That will be the last time i ever go to that bank.


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    #14
    GingerLily
    Registered Users Posts: 4,767 ✭✭✭GingerLily


    Islamda wrote: »
    My partner and I wanted to submit a mortgage application but they wouldn’t take it beacuse my partner has a stamp 4 visa. We both had all the necessary documents and everything including our salary certs completed. I thought it was very unfair of them not to accept the application beacuse of that reason. All the other banks had no problems with this and when we asked what was their reason, the advisor we were speaking to could only say that it’s just in their policy and in my opinion this a somewhat discriminatory. Also we did a lot of research before making the application and it’s not mentioned on their websit. WOULD NOT RECOMMEND FOR ANY INTERNATIONAL PEOPLE WHO ARE LOOKING TO OPEN AN ACCOUNT WITH THEM AS THEY DONT TREAT PEOPLE EQUALLY. That will be the last time i ever go to that bank.

    You didn't say the bank...


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