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Abbey AIP
apapa
Posts: 2 Newbie
Hi,
Just looking for a bit of info if anybody can help.
Have had an AIP from Abbey via London and Country for a remortgage for £120000, house is worth £180000 (hopefully!), there was some Adverse credit on our files but all cleared and a couple of years old, so the broker recommended a 3 year 4.7% fix with the Abbey...
Passed the AIP and affordabilty not a problem...however i'm receiving conflicting information over if we have been credit scored or not..i can see a search from the Abbey on my Experian report, so will that be it for credit searches now? Application is currently with the underwriters although they apparently have a backlog, have not had any requests for information so far.
If anybody has the knowledge of the in's and out's of Abbeys process i would be grateful..
Just looking for a bit of info if anybody can help.
Have had an AIP from Abbey via London and Country for a remortgage for £120000, house is worth £180000 (hopefully!), there was some Adverse credit on our files but all cleared and a couple of years old, so the broker recommended a 3 year 4.7% fix with the Abbey...
Passed the AIP and affordabilty not a problem...however i'm receiving conflicting information over if we have been credit scored or not..i can see a search from the Abbey on my Experian report, so will that be it for credit searches now? Application is currently with the underwriters although they apparently have a backlog, have not had any requests for information so far.
If anybody has the knowledge of the in's and out's of Abbeys process i would be grateful..
0
Comments
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It's looking good. If it had failed the AIP, it would not even have got to the underwritersI am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Hard to tell, the underwriters might need your written account of the reasons for the adverse credit and then come to a judgement. The backlog is large.0
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Hi,
We just got a mortgage through Abbey, they only did one credit check at the beginning of the application. OH had a little adverse credit...a few late payments on cc but we passed ok. Took a while to get our mortgage offer though due to the back log of application, hopefully will be quicker for you0 -
Thanks for all the answers...i was stressed before the application and i'm even more stressed now that its in..fingers crossed time i think!:eek:0
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