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Mortgage drawdown and life assurance

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  • 14-07-2019 6:50pm
    #1
    Cork981
    Registered Users Posts: 761 ✭✭✭


    Hi,

    We’re hoping to drawdown our mortgage this week for a new build before the site closes next week for the builders holidays, snag is complete so just waiting on money.

    We only got life assurance policy schedule on Friday and plan to hand it into the branch (EBS) Monday morning.

    Anyone have any experience dealing with EBS and how long it’ll take them to process the life assurance policy ?

    If we don’t get the funds released by Friday we’ll have to wait another 2 weeks to get the key.


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    #2
    Phileas Frog
    Closed Accounts Posts: 946 ✭✭✭Phileas Frog


    The Deed of Assignment has to go to EBS head office, it takes a week or so.


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    #3
    Cork981
    Registered Users Posts: 761 ✭✭✭Cork981


    Phileas Frog wrote: »
    The Deed of Assignment has to go to EBS head office, it takes a week or so.

    Thanks, was hoping it wouldn’t take that long. I should have moved faster with that one.


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