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Aip
kimbers84
Posts: 28 Forumite
I can't call my mortgage broker to confirm this so if anyone can help that would be amazing....
I have an AIP from Abbey, if I wish to borrow the same on mortgage that the AIP is for but buy for slightly more so therefore having a better LTV (if I make up the difference in cash) am I correct in saying this will be ok?!!
I have an AIP from Abbey, if I wish to borrow the same on mortgage that the AIP is for but buy for slightly more so therefore having a better LTV (if I make up the difference in cash) am I correct in saying this will be ok?!!
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Comments
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If you are borrowing the same amount but providing a bigger deposit I can't see the lender objecting.0
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Its only an AIP, at application stage it can be amended. There is no point messing about with an AIP if its going to put you in a better position.I 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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