Dáil Éireann Debate, Thursday - 17 July 2014
165. Deputy Michael McGrath asked the Minister for Finance the current duration for which mortgage approval is valid once granted for each of the State supported banks; and if he will make a statement on the matter. [32671/14]
View answerI can confirm for the Deputy that I have received the following information from the Banks.
1) Allied Irish Banks
AIB Mortgage approval is considered valid for a period of six months from date of issue.
2) Permanent TSB
The mortgage validity period is 6 months from the grant date.
In the case of Bank of Ireland I understand that mortgage approval is typically valid for a period of 3 months but can extend to 6 months.
