Irish Mortgage Corporation

M

madmoe

Registered User
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Hi there guys,
Has anyone used these people to get a mortgage? What is the overall feeling of the service they provided etc?

Thanx a million,
Mark
 
I tried to use them to buy an investment property - I thought just fill in the forms and let them do the work for me - couldn't be more wrong - I ended up chasing them far more than I would have had to spend time going through the banks myself.

After 3 1/2 weeks of my calls/emails being ignored I just told them to forget about it - got all my documentation back and left it at that.

The prolem I found was that there agents spend so much time going around to launches etc that they were never available to do any paperwork from the office - not a good service in my opinion.

A couple of meetings with the banks and I got sorted with a couple of days.
 
I used IMC for my Mortgage in sept found them to be excellent on that part but for the life insurance and house insurance they were a disaster
 
Thank you for that guys!

So far on the mortgage side they have been pretty good. We are looking at other vendors for life insurnce though.

M
 
Hi Pink - thought it was just me that found them a disaster with life assurance :)
Made getting a mortgage really easy and stress free but the life assurance wasn't as efficient I'm afraid.
 
Clubman,

Your comments on IMC being a multi agent applies to the number of agencies that have with Life offices not in relation to the number of banks they deal with, I know of AA's that only deal with one or two banks, and Multi agents that deal with all banks... so your comments are misleading

In relation to mortgage status you should ask the company you are considering dealing with how many banks they deal with before you engage their services.
 
CathyK said:
I know of AA's that only deal with one or two banks, and Multi agents that deal with all banks... so your comments are misleading
Click to expand...
AAs are authorised and supposed to deal with all financial institutions whereas multi-agency intermediaries may only deal with a subset. As such my comments are not misleading as far as I can see. See this thread. If you know AAs who restrict themselves to a small number of financial institutions then you should query them on why this is the case and maybe report them to IFSRA.
In relation to mortgage status you should ask the company you are considering dealing with how many banks they deal with before you engage their services.
Click to expand...
I agree.
 
Clubman

AA's are authorised to deal with all financial institutions in relation to life business i.e. pensions, life cover, investments etc, but not in relation to Mortgages as mortgages are a seperate authorisation, not included in the AA or multi- agent, you have to apply for authorisation to be a Mortgage broker seperate to status covered under "Statement of Authority Statue" issued from the Financial Regulator.

You also have to apply annually for yoru mortgage status from the Financial regulator...these are two seperate issues completly
 
OK - thanks for the clarifications. I stand corrected. Is there a good (readable!) summary of the regulations in these areas anywhere?
 
I have to agree with nai. I tried to use IMC a couple of years back after meeting them at a property exhibition. They were brutal. They never returned calls, they were never available, I did all the chasing.

I ended up dealing directly with a number of mortgage providers and picked the best one (as far as I could tell at the time!).
 
Some friends have used them and been happy, however a colleague is using them at minute to arrange finance for investment property, also releasing equity on her PDH and they tried charging her €495 fee, she questioned this and they waived it.
 
ClubMan said:
OK - thanks for the clarifications. I stand corrected. Is there a good (readable!) summary of the regulations in these areas anywhere?
Click to expand...


see this link regarding the differences between AA's and M-AI'sfrom [broken link removed]
 
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