My wife and I are currently bidding on a house in Dublin and the EA had requested proof of our mortgage approval which we provided. As it was KBC the approval is for the 3.5 times salary amount and we have qualified for an exception above that which would more than cover the bid including our deposit.
The EA is now requesting proof of being granted the exception and proof of our deposit funds. I would have no issue doing this once we go sale agreed but since there are still other bidders involved I’m reluctant to show our cards. We could go higher with the exception KBC have offered us but we really don’t want to go any higher due to the size of the mortgage repayments.
This hasn’t occurred when we have bid on other properties so should I hold to my initial instinct and tell the EA we will provide those details if/when we go sale agreed or just hand over those details.
The EA is now requesting proof of being granted the exception and proof of our deposit funds. I would have no issue doing this once we go sale agreed but since there are still other bidders involved I’m reluctant to show our cards. We could go higher with the exception KBC have offered us but we really don’t want to go any higher due to the size of the mortgage repayments.
This hasn’t occurred when we have bid on other properties so should I hold to my initial instinct and tell the EA we will provide those details if/when we go sale agreed or just hand over those details.