We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Nationwide DIP but purchase price higher
liviboy
Posts: 563 Forumite
Hi all,
Just a quick question.
Looking to move house.
Applied for a DIP with my current lender (Nationwide) yesterday with my expected figures in order to make a formal offer.
However, the purchase price will now be £5000 higher.
The mortgage amount will remain the same and I'll fund the £5000 from savings.
When I log in to my online banking I can see the DIP etc.
Can i continue to make the application if offer is accepted or do I need to do a new DIP with the new, higher figure?
Many thanks,
Just a quick question.
Looking to move house.
Applied for a DIP with my current lender (Nationwide) yesterday with my expected figures in order to make a formal offer.
However, the purchase price will now be £5000 higher.
The mortgage amount will remain the same and I'll fund the £5000 from savings.
When I log in to my online banking I can see the DIP etc.
Can i continue to make the application if offer is accepted or do I need to do a new DIP with the new, higher figure?
Many thanks,
0
Comments
-
You'll need to go in an amend the figures before you can proceed. Assuming you can do what a broker can do...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
-
We had a similar situation although the loan amount went down as I was funding a higher deposit. Immediately prior to the application it reconfirmed details entered at DIP and when I amended slightly it reissued a new DIP as part of the application process. My credit file was only searched once, presumably because they still had the data from the first search and it was only a few days later.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards