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AIP vs Loan letter Expiry

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  • 19-02-2021 10:01am
    #1
    VegetaIRL8e
    Registered Users Posts: 92 ✭✭


    Hi guys,
    Just wondering does a letter of offer inc contract pack supersede the AIP expiry date whether through BoI direct or broker?

    -Got AIP in early September
    -Letter of Offer inc contract pack to solicitor in November.

    Does my 6 month expiry time restart once I get that letter....effectively saying May this yr is when it expire....

    According to this response I believe it does but just looking to confirm

    https://www.boards.ie/ttfthread/2057949100

    Thank you in advance.


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    #2
    Bank of Ireland: Megan
    Closed Accounts Posts: 265 ✭✭Bank of Ireland: Megan


    VegetaIRL8e wrote: »
    Hi guys,
    Just wondering does a letter of offer inc contract pack supersede the AIP expiry date whether through BoI direct or broker?

    -Got AIP in early September
    -Letter of Offer inc contract pack to solicitor in November.

    Does my 6 month expiry time restart once I get that letter....effectively saying May this yr is when it expire....

    According to this response I believe it does but just looking to confirm

    https://www.boards.ie/ttfthread/2057949100

    Thank you in advance.
    Good afternoon VegetaIRL8e,

    Thanks for getting in touch with us today on Boards.ie.

    That's exactly right! A fully underwritten AIP is valid for 6 months and the full offer letter is also valid for 6 months. Is an offer letter issues before the expiry of AIP, the 6 months starts again from the date of the offer letter.

    I hope this helps!

    Many thanks,
    Megan


  • Options
    #3
    VegetaIRL8e
    Registered Users Posts: 92 ✭✭VegetaIRL8e


    Good afternoon VegetaIRL8e,

    Thanks for getting in touch with us today on Boards.ie.

    That's exactly right! A fully underwritten AIP is valid for 6 months and the full offer letter is also valid for 6 months. Is an offer letter issues before the expiry of AIP, the 6 months starts again from the date of the offer letter.

    I hope this helps!

    Many thanks,
    Megan
    Hi Megan,
    You are a hero, thank you :)
    Saves me a lot of worry, stress and heartache as I wait for the last document to come though from sellers bank.
    Have a great weekend.


  • Options
    #4
    Bank of Ireland: Megan
    Closed Accounts Posts: 265 ✭✭Bank of Ireland: Megan


    VegetaIRL8e wrote: »
    Good afternoon VegetaIRL8e,

    Thanks for getting in touch with us today on Boards.ie.

    That's exactly right! A fully underwritten AIP is valid for 6 months and the full offer letter is also valid for 6 months. Is an offer letter issues before the expiry of AIP, the 6 months starts again from the date of the offer letter.

    I hope this helps!

    Many thanks,
    Megan
    Hi Megan,
    You are a hero, thank you :)
    Saves me a lot of worry, stress and heartache as I wait for the last document to come though from sellers bank.
    Have a great weekend.
    You're most welcome, glad I could help today! I hope you have a lovely weekend too :)

    Many thanks,
    Megan


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