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Hello all, someone recommended this forum and perhaps someone may be able to help me?

I have just returned to Ireland (10 months ago) having spent the best part of 6 months in the UK working with family (very bad idea, who needs to pay tax etc!)...
I am now working in a full time pensionable job back in Ireland again etc. I have applied for a 100% mortgage, been approved informally, found a house, paid the booking deposit. Now all I have to do is submit my forms to the bank and bobs my uncle. Hopefully.

The problem is that I have recently read that I will have to be working for 3 years in a full time job etc before I can avail of this mortgage. Things in the UK were very messy and I'm terrified at this stage it will come back to haunt us. Does anyone know, are they sticklers for the 3 years work etc? I'm applying for the mortgage with the bank I have used for the last 12 years and have had a good relationship with them through thick and thin, apart from the sojourn in the UK I have been in full time employment for the last 5 years..

Is there any amount of discretion allowed or is it a law or rigidly enforced policy? Initially it didnt seem to be a problem but I'm not so sure now, I have been told "I should be ok" unofficially but I'm absolutely worried sick about it. Any advice gratefully received with thanks
Thanks for your help
Jack
 
Hi Jack, there are 6 lenders now offering 100% FTB mortgage's, of these FA, PTSB and UB require evidence of 3 years continuous employment, and they will ask for 3 years P60 to confirm this, BOI, ICS and EBS only require 1 years continuous employment, so iIsuppose it depends who you have applied to... if its a lender who requires three years continuous employment then It may be difficult to get around, however if its a lender who only requires 12 months continuous employment then you may be ok given that you have been banking with them for 12 months.

good luck with it,
 
Even those lenders who require three years' continuous employment record are willing to listen to mitigating circumstances, in our experience. They're really mainly trying to avoid the person who's just out of school / college and has got their first ever job.

Liam D Ferguson
www.yourfirstcastle.com
 
Thank you very much for your replies. So there may be hope!, I will not give up just yet

I have had the account with Ulster bank for 12 years, so hopefully they will be able to see I have been a good customer in full time employment for nearly 11 of those years!

Thanks again for taking the time to reply
Jack
 
I was offered a 100% mortgage from Ulsterbank and they did'nt look for much data at all, they certainly did'nt require 3 yrs evidence of employment (i had only returned from abroad 6 months previously). Additionally, I am self employed but they did not look for accounts etc. Admittedly, i gave them an excess of information verifying my income etc (as I have worked with a mortgage provider in the past). Basically as far as I know, there are no hard and fast rules about anything, most mortgages are considered on a case by case basis. Good Luck!
 
Thanks again for the words of encouragement, I handed all the forms in with as much documentation as I could possibly get so fingers crossed it will all work out fine.
 

PTSB gave me a 100% morgage on my word that we were both working 3 years...

in first active they wanted 3 p60s for herself because she had changed job 2 ½ years ago....they were ok for me because i was in the same job the whole time (as per the salary cert)....
 
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