We are introducing a revised Approval in Principle process for applications where there is no property identified from the 1st July 2017. This is to improve our time to decision and recognise that your customers at this stage of the mortgage process have not identified a specific property.
All these applications will be fully assessed, credit scored and will have an ICB report run prior to the AIP issuing.Applications for >€500k or are more complex in nature(e.g.; existing BTLs etc…) will follow the current process.
Minimum standards as per the checklist on our intermediary website will apply however your Relationship Manager will be in contact with you over the coming days to talk through this element of the process.
All other applications where there is a property identified at submission will proceed through to loan offer and will require all the supporting documents for loan offer as is the current process.
Please note we will be introducing a new mortgage rate in the coming weeks; this rate has been specifically developed based on feedback from our Broker partners and your Relationship Manager will be able to provide you with further details.
If you have any further questions on this communication please contact your Relationship Manager.
Head of Broker Operations