Social Democrats Housing Spokesperson Cian O’Callaghan said:

“The extent of personal banking information that is reportedly being sought, to secure a viewing, is extremely concerning – as well as being a potential breach of GDPR.

Why does an estate agent need to be provided with detailed financial information for the sole purpose of organising a viewing of a property – following which, a client may or may not opt to bid for the property?

‘Knowledge of mortgage approval should only be required if a client wishes to proceed to bid on a property. Even then, there is no reason why an estate agent should be provided with detailed bank statements.”


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10 thoughts on “The View

  1. eoin

    So there are people out there with no money who are going around viewing properties? Is this a thing?

    1. GiggidyGoo

      Is there an equivalent name like tyre kickers for these. tinkywinkypolishers maybe?

      1. Jonner

        don’t know about that but surely there’s a name for estate agents trying to find out buyers’ financial limits so they can squeeze every penny out of them resulting in artificial inflation of housing prices

  2. Chris

    My gifts bigger than your gift,
    My gaffs better than yours,
    My gaffs bigger cause my gifts better,
    Yes my gaffs better than yours.

  3. Ragamuffin

    According to Irish Times: “There were some 5,000 expressions of interest for the 44 three- and four-bed houses on sale as part of the latest phase”. The housing crisis in Ireland is worse than we thought.

    1. Redundant Proofreaders Society

      It’s not a ‘housing crisis’ if there are 5,000 people that can afford a three bedroomed home. The real crisis is that tens of thousands of working people cannot.

      Either way, personal finance records are private unless you are in a debt situation…we think. Maybe someone can shed some expert light on this.

      1. Cian

        Yeah. it’s someone misunderstanding a simple list.

        If you have a Mortgage Approval that covers the house price – that is all you need. One document.

        If you have Mortgage Approval for 90% and are using savings for the 10% – you need to show 2 things: Mortgage Approval + proof of savings.

  4. SOQ

    I made a post some weeks ago about a couple who’s build mortgage was pulled half way through because one had been furloughed. It is likely that mortgage companies are very easily spooked these days so the estate agent is looking for evidence that the application has actually been approved.

    I am not saying it is right of course and probably not even legal but I suspect that a number of sales have already fell though because of either delays or, the mortgage company just changing their minds. Even if it is approved, they can still change their minds of course, but it is less likely.

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