Is the deposit refundable? If you can't afford the house then presumably you will lose it. Did you have mortgage approval (in principal or otherwise) before putting down the deposit? Have you tried other lenders?pint6 said:Will I be loosing the house, deposit etc?
pint6 said:Hello there,
Just got a call from my solicitor today, as he received a letter from bank stating to fulfill certain things before the mortgage cheque is issued. Conditions were to complete and activate insurace(life and home) and the other condition was to clear my existing personal loan with the bank of ireland.
I have already paid my deposit, i was not expecting bank to put this condition. Loan is amounting to 10K. What my mortgage broker is saying is to get the loan from other bank and payoff bank of ireland loan. I am doing the following per his advise :
a. called couple of banks this morning, everybody declined my application
b. original loan was 13k but I cleared 3k today, again they want to clear every bit of it.
I am in a fix now, any help greatly appreciated. Please help me.
REgards,
Pint 6
LollyMc said:Ditto Im in the same situ (BOI Car Loan) and I wouldnt be able to pay it off until I sell my house which Im planning to do anyway as well as the credit card. I think its very very unfair that you have been hit with this at the last minute. Plus I get the impression that the Lender isnt BOI ??? only that the car loan is BOI.
it's a question of paying a deposit before receiving the written loan approval with its attached conditions
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