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AIP
Jimeji
Posts: 64 Forumite
Hi,
I have an AIP from NatWest which more than covers the cost on a new build that I am about to make an offer on.
Does this mean that I should have no problems securing a mortgage with them? Will hopefully make the offer on the property tomorrow.
I have an AIP from NatWest which more than covers the cost on a new build that I am about to make an offer on.
Does this mean that I should have no problems securing a mortgage with them? Will hopefully make the offer on the property tomorrow.
0
Comments
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It means they have not initially ruled you out for a mortgage, based on the information you provided.Mortgage started 2020, aiming to clear 31/12/2029.1
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The agreement in principle is just an initial check based on limited information such as earnings, employed, self employed etc. Getting an AIP means you have passed the lender's basic lending criteria. Securing an actual mortgage will depend upon much more detailed information about your affordability, spending habits, etc. Then there is the valuation of the property and whether this matches the agreed price. ,0
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