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Is my AIP correct?

RTC87
RTC87 Posts: 58 Forumite
Seventh Anniversary 10 Posts Combo Breaker
in Mortgages & endowments
Hi everyone,

One quick question, my broker sent in our full application this morning and sent us an email PDF showing our DIP. We are buying a new home using the Help to Buy equity loan scheme with a 5% deposit.

Because of this I was expecting to see the LTV on the DIP at 75% but is actually showing as 93%...

Is this correct, just thought it worth checked as I'm unsure if we'll get accepted by Nationwide and want to ensure we have the best chance.

Thanks in advance.

Comments

  • kingstreet
    kingstreet Posts: 39,311 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's expressed as a % of the share you are purchasing, not of the full purchase price.

    So, yes. It is correct.
    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.
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