Saving/Applying for a mortgage 2020-22 Edition

I've got approval and am looking for a place at the moment. However landlord is giving the relevant notice so will need to move back home temporarily before potentially being able to go sale agreed on a property in the meantime.

Will I need to reapply for a mortgage if my rent isn't going to be shown on recent bank statements for affordability?

If anything it'll work in your favour, your biggest outgoing is now potential savings. You just need to be disciplined and not slip into "this is now discretionary money now" which is a trap.

Can u apply for more than one AIP at around the same time ?

I have documents submitted already to a broker but thinking to apply and submit another application by myself directly to bank.

As in if u get AIP from one bank , can u apply for another one at the same time ?

Thanks for the reply that's really reassuring to know! Did you have to give the lender a heads up in advance?

20 days since posting this and still nothing... the builders told us last week they're pulling out if we don't get the Letter of Offer in the "next few days". Have been on to the bank constantly since last Thursday and was assured we'd have it yesterday... still nothing.

Lots of "it's with so and so at the moment and I've escalated" etc. The thought of the sale falling through in the current climate is making my feel physically ill.

I went direct to AIB and it's a month now and still no loan offer. Every time I think I've submitted everything they come back with something else that's needed. It's been almost a week since I've heard anything from them. They never seem to answer calls and take ages to respond on the app portal. So in my case it's not really much quicker!

Anyone gone direct with BOI lately know how long from when you upload all documents to you hear back from underwriter? We are a mover mortgage and currently with Boi

Definitely available for existing AIB banking customers without prior mortgage.

I was wondering if someone could shed some light here please...

As a brief background, when my partner and I met he knew I had a kid from someone else (my daughter turned 9 this year). I've been with my partner for nearly three years now, want to have kids of our own and, we are both looking to get a joint mortgage. I am 30 and he is 32. I earn 36k and he earns 68k. I hope to get my salary bumped up once I qualify as a lawyer but for now, I have to endure earning less.

We want to get a mortgage now because we have the 30k from HTB and know it is ending Dec 2022 so we want to use it. We engaged with a broker but are still gathering our mortgage docs so we don't know our position yet.

He has savings of about 20k and I don't have any. I don't have savings because I pay for everything for my daughter (school fees then activities etc). We share home bills like rent, food and utilities but I don't ask my partner for money when it comes to my daughter.

My question is...would any lender refuse us if we cannot show I have savings? (the fact that our mortgage application will rely only on my partner's savings)

Thanks in advance!

i have contacted 5 local solicitors to handle our house purchase none have replied is this common for people as I am worried this will be a stumbling block now when I had thought it would be the easy part.

Solicitors take their holidays in August so that may be why.

Just got drawdown with Avant for a "one mortgage" locked at 2.65 for 24 years. We just got it before the rate rise to 3.65%. Extremely happy with it

We switched to Avant, just got it closed out last week so delighted we got it done before the rates went up.

We haven't recieved any account details from Avant or any communication really. What are people's experience with Avant once you've moved? Do they send you details on your mortgage account? How do view the account on an ongoing basis? Can't find much info on this but guess I can try and contact them this week.

We have an AIP with BOI through a broker. We were hoping to get to closing in the next 5 weeks as OH got a new job offer to be starting early November so wanted to ensure it did not affect the mortgage drawdown.

We found property and gone sale agreed 18th August, paid booking deposit and informed brokers and organised surveyors to check the property.

Meanwhile, application for loan offer was submitted by the broker to BOi and reuquested the loan amount based on the sale price originally agreed on.

Then, got the surveyor report which came back with few minor issues. These gave a reason to negotiate with seller and as result reduced the sale price by a 3k roughly.

Informed the broker last week and they say we have to start the loan offer application over again due to the new sale price. It's been three weeks and we have expected the offer to come this week but now looks like it will be another 3 weeks (or so). We are considering reversing the price reduction as 3k doesn't seem greater benefit for the sake of it than getting much delayed loan offer.

Contracts in the process of making their way to our solicitors so that's all in order.

Anyone had similar experience or could recommend best approach ?

What are realistic drawdown lead times currently with BOI?

The board or team that decide if they will lend you the money or not based on the findings of the loan officer