We recently switched our mortgage to AIB and we were already existing banking customers of AIB.
No problems switching, we provided all the usual statements for the previous 6 months but this was not required for AIB accounts as they can already access them.
One thing that I thought was odd was that they asked questions about a lump sum received 10/11 months ago. It wasn't a problem for us, easily explained as the proceeds from an ESPP sale, but I wasn't expecting them to go back so far.
I had a look through the application forms and didn't see anything explicit about how far they could go back or where consent was given for this, maybe it is buried in the fine print somewhere. And maybe I naively assumed that they would only access the previous 6 months just like the non AIB statements we provided.
So my question is, how far back can a bank review your accounts for a mortgage application if you are an existing customer? And are there rules/guidelines that the bank should be adhering to here (e.g. the typical 6 month request)?
Just because they can access this info, does it mean that they should be allowed to if treating all customers equally?
No problems switching, we provided all the usual statements for the previous 6 months but this was not required for AIB accounts as they can already access them.
One thing that I thought was odd was that they asked questions about a lump sum received 10/11 months ago. It wasn't a problem for us, easily explained as the proceeds from an ESPP sale, but I wasn't expecting them to go back so far.
I had a look through the application forms and didn't see anything explicit about how far they could go back or where consent was given for this, maybe it is buried in the fine print somewhere. And maybe I naively assumed that they would only access the previous 6 months just like the non AIB statements we provided.
So my question is, how far back can a bank review your accounts for a mortgage application if you are an existing customer? And are there rules/guidelines that the bank should be adhering to here (e.g. the typical 6 month request)?
Just because they can access this info, does it mean that they should be allowed to if treating all customers equally?