Abbey - Agreed In Principal - Help Needed!!

northernmonkey09

Can somebody help me out on this........

Conrad

Yes Abbey do take childcare costs into account, and this is usualy done at AIP stage by thier affordablity model which is part and parcel of the AIP score.

northernmonkey09

So if we gave both child and working tax on the initial application and was agreed in principle then Abbey requested the proof of child tax and working tax paperwork would they then look through it and decline on the basis of childcare costs? Sorry for all the questions but i think our application rests on the way they look at this.........

Conrad

No I do not think so.

It sounds as if your case has gone before an underwriter for assesment. As such many factors will be examined, and in a nut shell what they need to evidence is ongoing realistic affordability.

Childcare is but one issue, so not worth you focusing on really. If your case is sound you shouldn't be too concerned.

Be aware if you are going interest only, they may well request proof of repayment vehicle.

northernmonkey09

Thanks Conrad, Whats worrying us is that i dont think our advisor put down childcare costs on our initial application and we dont want it to affect our application....