Fair level of life tilt this evening.
Went to AIB to get a mortgage a few months ago. Gathered all the requisite documents, passed their stress test based on rent I've paid in current apartment for last 4 years which works out ~€200 more than what the monthly mortgage payments would have been. I have low six figure sum savings, majority made up of gambling winnings of which I was very transparent about and advisor said it would be fine and gives me approval in principal for the standard 3.5 times salary and tells me start searching for property. Also had me come in and sit through what seemed like an eternity of a presentation on life assurance by some GAA player bore where he tells me 46 different conditions that I could get that could debilities me.
So a few months of traipsing around Dublin/greater Dublin I eventually find somewhere that seems right and put a bid down and got accepted. Find a solicitor, pay a holding deposit and pay for a survey to be done and contact the bank to get things in motion. Advisor calls me today and tells me my mortgage got rejected from above citing that my savings weren't feasible based on salary and lacked appropriate proof of funding.
Just seems appaling customer service to allow someone go through all that and then reject them on an issue that should have been dealt with properly at the outset.
And I dont get how Shona from Dalkey who's daddy stumped up her deposit or Bríd and Donal who moved back in with his parents in Bettystown as they couldn't rent and save at the same time are seen as less of a risk than someone who comfortably rents and saves for years
Went to AIB to get a mortgage a few months ago. Gathered all the requisite documents, passed their stress test based on rent I've paid in current apartment for last 4 years which works out ~€200 more than what the monthly mortgage payments would have been. I have low six figure sum savings, majority made up of gambling winnings of which I was very transparent about and advisor said it would be fine and gives me approval in principal for the standard 3.5 times salary and tells me start searching for property. Also had me come in and sit through what seemed like an eternity of a presentation on life assurance by some GAA player bore where he tells me 46 different conditions that I could get that could debilities me.
So a few months of traipsing around Dublin/greater Dublin I eventually find somewhere that seems right and put a bid down and got accepted. Find a solicitor, pay a holding deposit and pay for a survey to be done and contact the bank to get things in motion. Advisor calls me today and tells me my mortgage got rejected from above citing that my savings weren't feasible based on salary and lacked appropriate proof of funding.
Just seems appaling customer service to allow someone go through all that and then reject them on an issue that should have been dealt with properly at the outset.
And I dont get how Shona from Dalkey who's daddy stumped up her deposit or Bríd and Donal who moved back in with his parents in Bettystown as they couldn't rent and save at the same time are seen as less of a risk than someone who comfortably rents and saves for years
).
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