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Multiple AIPs OK?

7sefton
7sefton Posts: 646 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Mortgages & endowments
Hello

I just got through a successful AIP from Lloyds that I am happy with.

However the other bank I have my eye on for a mortgage is NatWest, and I'm curious to compare what their AIP could be like.

As both banks conduct a soft credit search for AIPs, is there any harm getting another AIP? Or is it best, for whatever reason, to stick with just one?

Thanks

Comments

  • ACG
    ACG Posts: 24,685 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I dont see the point.
    Pick a first choice and do the AIP. If it gets you what you want, why do a second?
    I am a Mortgage Adviser
    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.
  • ExpertAdvice
    ExpertAdvice Posts: 156 Forumite
    Natwest doesn't do a soft search. They do a full hard search unlike Halifax, Lloyds or TSB.
  • David_White
    David_White Posts: 892 Forumite
    Fourth Anniversary 500 Posts Combo Breaker
    Surely you can just compare the products without doing another AIP?

    It shouldn't be an issue having another check but I don't understand why you'd want to.
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • amnblog
    amnblog Posts: 12,761 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Is it because the income is reducing (previous thread) and Nat West may offer more lending?
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
This discussion has been closed.
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