AIP referred?

tkel01 · 1 November 2017 at 1:38PM

Hi

Why would an AIP be referred and does it being accepted by an underwriter make any difference at full application?....im getting differing opinions on this

Anyone have experience of this with their own application?

Thanks

YHM · 1 November 2017 at 1:44PM

Numerous reasons, usually due to policy or so an underwriter can make a final decision.

Anything to feel nervous about?

Its better than a decline....

tkel01 · 1 November 2017 at 1:50PM

YHM wrote: »

Numerous reasons, usually due to policy or so an underwriter can make a final decision.

Anything to feel nervous about?

Its better than a decline....

I was nervous due to our outgoing which my broker seemed less concerned about and we have said we will pay off 2 commitments before completion.

We have actually been accepted.....i really just wanted to know if being already reviewed by underwriter helps our full application or makes no difference

Thanks

YHM · 1 November 2017 at 1:53PM

Depends on lender.

Some lenders will have AiP underwriters and full application underwriters. Other lenders just have one pool of underwriters, and they may actually have a policy where the same underwriter completes both stages.

As long as too much doesn't differ from AiP to Full application, especially if its been reviewed by an underwriter, then I wouldn't expect any issues with the outcome

tkel01 · 1 November 2017 at 2:00PM

YHM wrote: »

Depends on lender.

Some lenders will have AiP underwriters and full application underwriters. Other lenders just have one pool of underwriters, and they may actually have a policy where the same underwriter completes both stages.

As long as too much doesn't differ from AiP to Full application, especially if its been reviewed by an underwriter, then I wouldn't expect any issues with the outcome

Thanks. Its with leeds and ive heard they take ages and the house it built and ready to go so would obviously like things to move as quickly as possible!