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Natwest massively reduced offer from AIP HELP

Klappin1988 · 2019-09-19 20:02:54

Hoping for some help. Myself and the better half have got an AIP from Natwest 2 weeks ago for £190,000 We then proceeded to put a reservation fee down on the new build property we wanted after our house sold on its first viewing. We met with the mortgage broker on Tuesday who put our application through for full approval…

Comments

kingstreet Posts: 39,374 Forumite

20 September 2019 at 4:06PM

LRmortgage wrote: »

Are you using help to buy?
I only say that as you’ve just mentioned a developer... if so, HTB limit income multiples to a maximum of 4.5 x joint income. Could this be changing the dynamic of the calculation a little?

If you’re not using HTB, get a second opinion from a broker not linked to the developer....

Good point and 3% of the equity loan input as a cost in the affordability calculator.

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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