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Is a AIP using MTE a good indication?
deano3
Posts: 234 Forumite
Hi all,
I have a mortgage application with Natwest which is currently with underwriters. AIP using MTE was passed, albeit offering 1k less than requested.
I know there is a chance it could still be declined as im asking for a high loan to income, but generally speaking is the AIP a good indication?
I have a mortgage application with Natwest which is currently with underwriters. AIP using MTE was passed, albeit offering 1k less than requested.
I know there is a chance it could still be declined as im asking for a high loan to income, but generally speaking is the AIP a good indication?
0
Comments
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Anyone? The waiting is driving me mad0
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There is always a chance an application can be declined, or even withdrawn after offer. However, an accepted AIP is an initial good indicator, and unless you are aware of any potential problems, it should hopefully progress to offer.
More surprised a broker is still using MTE!0 -
NatWest only offers a scored DIP via MTE.
The DIP via its own website is an affordability calculation only.
I suspect the OP found one of my recent posts.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »NatWest only offers a scored DIP via MTE.
The DIP via its own website is an affordability calculation only.
I suspect the OP found one of my recent posts.
sounds like its a good indication then0 -
It's a DIP. You've moved on to a full application and documentation has been submitted.
You are where you are. You just have to wait for the outcome. Even brokers have to accept this is part of the process and you won't know for a day or two...I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »It's a DIP. You've moved on to a full application and documentation has been submitted.
You are where you are. You just have to wait for the outcome. Even brokers have to accept this is part of the process and you won't know for a day or two...
Ill just have to keep everything crossed, i will report the outcome when i find out.
Id like to think all will be fine as i provided all my circumstances and docs to back it up, time will tell.0
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