Michael McGrath (Cork South Central, Fianna Fail)
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165. To ask 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]

Michael Noonan (Limerick City, Fine Gael)
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I 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.