Irishman2000
Registered User
- Messages
- 9
Base Information
Joint application
~205k property value with ~185k mortgage over 29 years
22k in savings and counting
Ages 33 and 39
Both private sector employment, one full time one part time, both permanent for 5ish years
1 child,
No court orders or judgements
One loan in my name approx 3k remaining, due to be paid off later this year monthly is €290 but shares to be used to pay off early (credit union)
One credit card, paid off in full every month, never missed a payment
Savings of minimum 1450 every month for the last 8 months identified
No overdraft issues
Applying directly to bank
Our Story
After jumping through hoops the last 2 months getting documents and employers letters the bank informed us a few weeks ago that there was an unpaid loan on the wife's ICB report, they asked for an explanation in order to progress
After more hoops being jumped through we discovered it was a loan taken out by the wife in 2009, less than €500 of which went unpaid
We eventually tracked down the loan provider and repaid them yesterday, found out that it was a loan she thought was paid off relating to an interest free laptop bought from Harvey Norman
We sent proof of this on to the bank who subsequently denied our mortgage on the basis of the above €500 discrepancy in our credit report
Is it worth appealing on the basis that it was such a small amount from over a decade ago that was essentially forgotten about?
If not, will we have any chance of getting a mortgage before this gets removed in 5 years time?
Joint application
~205k property value with ~185k mortgage over 29 years
22k in savings and counting
Ages 33 and 39
Both private sector employment, one full time one part time, both permanent for 5ish years
1 child,
No court orders or judgements
One loan in my name approx 3k remaining, due to be paid off later this year monthly is €290 but shares to be used to pay off early (credit union)
One credit card, paid off in full every month, never missed a payment
Savings of minimum 1450 every month for the last 8 months identified
No overdraft issues
Applying directly to bank
Our Story
After jumping through hoops the last 2 months getting documents and employers letters the bank informed us a few weeks ago that there was an unpaid loan on the wife's ICB report, they asked for an explanation in order to progress
After more hoops being jumped through we discovered it was a loan taken out by the wife in 2009, less than €500 of which went unpaid
We eventually tracked down the loan provider and repaid them yesterday, found out that it was a loan she thought was paid off relating to an interest free laptop bought from Harvey Norman
We sent proof of this on to the bank who subsequently denied our mortgage on the basis of the above €500 discrepancy in our credit report
Is it worth appealing on the basis that it was such a small amount from over a decade ago that was essentially forgotten about?
If not, will we have any chance of getting a mortgage before this gets removed in 5 years time?