BOI Mortgage Advisors and Underwriters Should Know who Teachers are Employed by... Shouldn't They?
[Update] - Thanks very much to everyone who took the time to respond. I held off contacting them again today, planning to follow up tomorrow if I hadn't heard anything by the end of the day. At 4.45pm the loan offer came through as an email! No accompanying update to the online hub or message from a mortgage specialist which was a bit odd given I received a phone call when AIP was granted but whatever, I'm just relieved it's been resolved without much of a fight! Had started amassing evidence in case I needed it so for anyone who might find themselves in a similar position in the future and needs proof that your Board of Management or ETB is your employer:
>"Under Section 24 of the Education Act, 1998 (as amended by the Education (Amendment) Act, 2012) the board of management is the employer of teachers and other staff of the school. In the case of schools established or maintained by an ETB the relevant ETB is the employer and not the board of management.
https://www.gov.ie/en/department-of-education/policies/supports-for-education-providers/
Hi all,
Having a bit of a baffling experience trying to secure our final loan offer from BOI as a post primary teacher being made permanent in August...
So husband and I are in the process of purchasing a new build. Underwritten AIP from BOI and we were due to sign our contracts with the developer today... Ended up having to request an extension from their solicitors because our final loan offer hasn't come through.
After providing the final document requested in our AIP letter (a letter from the Board of Management of the school I work at stating I would be continuing in my position when my current contract ends in August and that I would then be receiving CID), we were told by the 'mortgage specialist' we'd been dealing with online to expect the offer at the end of the last week.
Not only did it not materialise, I was told it would not be issued until I provide the same letter from 'my employer', the Dept of Education...
I had already explained to the person who submitted our application that teachers are employed by BOMs/ETBS, not the Dept of Ed and Skills who act as paymasters. I had thought this would be common knowledge...
I rang the bank today and spoke to another 'mortgage specialist' and their supervisor who both insisted my employer is the DES and not my school. I pushed back on this and told them that as the DES only deal with payroll, not hiring or contracts, they will not and cannot provide the letter requested. They again insisted I was wrong and that there was nothing they could do other than get our original 'specialist' to discuss this with the underwriters... I'm trying not to get too stressed about this as it should be easily resolved given they are asking for something based on an incorrect assumption and have already been provided with the assurance they need re the future of my job from my actual employer but I'm not sure how to proceed should they double down on their mistake...
Has anybody encountered this or had a similar experience when trying to secure their loan offer? Any advice on what to do next if they come back to me tomorrow insisting on this impossible letter?