Saving/Applying for a mortgage 2020-22 Edition

I have gone sale agreed on a house. My wife's foreign credit report show a property loan against her name. For context this loan was taken against a property owned by her father to support the refurbish of family home. The bank at that time issues a Equitable Property loan for renovation while in theory it was loan against a property owned by her father. We have closed the loan and now BOI have comeback to say we are not HTB eligible. We have a tight deadline to sign the contract, I am collecting documents from foreign country to prove house belongs to father.

What should we do in this case? how to convince BOI we don't own the house. Also we have a broker in the middle engaging with the bank and are not marked in any communication. Do we engage with revenue hoping they would be quick to resolve this issue?

This could seriously have a huge impact on future going forward.

I bought an apartment with some inheritence i recieved a few years ago, I sold it recently because I want to buy a house but I'll need a mortgage to buy a decent house.

Would I be considered a first time buyer because I've never had a mortgage? Could i get 4x my salary?

Does anyone have any idea how long it takes for AIB to check final documents before drawdown?

They just confirmed receipt of all solicitor documents including the request for funds for tomorrow 24th

It is possible for them to review docs today and release money tomorrow?

Hi could anyone advise on the best tools online or anywhere that supplies advice on the best banks to supply a mortgage or the best rates.I am just starting the process and am at a loss on what way to go about it. Are the credit union mortgages any good or worth looking into?. A mortgage broker is 4 figures but are they worth it in the long run? I am normally good at arranging and organising stuff like this. I'm just struggling to get started.Thanks in advance.

Has anyone heard of AIB offering Fx mortgages for residents? We were told last year by our broker that only Haven do them but now someone told us then confirmed that AIB also offers them. I know they're largely the same company but the ability to apply directly to AIB would be useful given how thoroughly useless our broker has been so far.

Just wondering if they looked for the statements and payslips etc - in the same position now

How long did everyone's HTB take to process? I applied in January and it just says "under review" and shows my application code and nothing more. I tried contacting through my enquiries but i haven't received a response

If one were to receive a mortgage loan offer, and then after that but before drawing down the mortgage, they set up a revolut account that wasn't in any way connected to their bank account - could the lender find out about that account?

I was out of work sick for 2 weeks. My employ paid me for the first week but not the second. Will this be an issue?

thank you, it’s not regular was just a once off

yes it’s family land and getting a letter of consent is no problem, but I’ve been told no drawdown until in my own name.

Hopefully I can drawdown with a letter of consent as the site transfer can take weeks/months.

The messy part was the application had already been done by a previous solicitor but never lodged by a mistake on his part, so the process is only starting again. Unfortunately I had expected it to be in my name by this stage

Hi all, first time poster here. Hoping someone that works in mortgages or has plenty of experience can advise.

Me and my wife are planning on applying for a mortgage early next year, but even the thought of it is stressing me out as I keep freaking myself out with random thoughts about how we may be declined.

For context , we'd be hoping to get a mortgage for about 3.25x our income (excluding bonues), have no debt (have CC with 2k limit but no debt on it for over a year), and currently have combined monthly rent and savings (never touched) for the past 2 years for an amount 27% over what our repayments would be. We'd like to get A.I.P for about 88.5% LTV, should we need that amount.

My biggest concerns are around previous debt. I used to have multiple loans, an arranged overdraft and credit card balance as things were a bit tougher for us in the past. I never missed any payments on these loans, the overdraft balance was cleared every month and I always paid more than the minimum payment on the credit card balance. I did however live in my arranged overdraft most of the month and credit card balance was always near enough the limit (but never crossed). All these loans and the overdraft are now cleared (loans paid of early in all cases) , and they will all have been cleared for over a year when we intend to apply. So that is my first concern - will this history of living in multiple debts , which they will be able to see from my credit report, albeit "managed", be a red flag against me even though I'd be debt free for over a year?

My second major concern is that I applied for two top ups to my bank loan in 2022 , as well as the reopening of my overdraft (all granted but all small amounts). We were struggling a bit at the time with new baby costs, and then things like car trouble came along. Would this be a red flag to the mortgage providers?

I'm hoping to go with Avant because I like their long term fixed rates, and I've heard they can be tough enough, but I don't know if my history of these historic multiple loans/debt will be an issue or a non issue. Any advice or guidance would be much appreciated. I really don't know if I'm freaking myself out unnecessarily.

AIP usually underwritten but they will always recheck stuff once sale agreed. Main thing is to be able to explain it if comes up. You need to still be meeting all same criteria at time of AIP. Savings pm key for showing repayments but maybe yours comes from rent. Hopefully it is all fine. Just follow the steps. But key message is even if AIP underwritten they will fully assess you now again. Makes sense as bank wants to make sure nothings changes in circumstances. Just need to explain OD use. Id only be worried if it was showing signs financially stretched.