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Halifax AIP
martty
Posts: 12 Forumite
Hello all,
Little worried about being declined for a mortgage after been accepted for an AIP.
Just been approved for an AIP with Halifax for £187,000, so put an offer in on a house, home report value £225,000 but offered £235,000 as I loved the house. Im looking to borrow the full amount that I've been accepted for as I'm using all my savings for the deposit.
I earn £45,000 and I only have 1 loan that I pay £291 a month and I have just over £9000 left on the loan, I also have an excellent credit rating with no missed payment or defaults on my file.
The question I'm asking is can Halifax lower the amount that they have accepted me for or refuse me completely after approving my AIP?
Little worried about being declined for a mortgage after been accepted for an AIP.
Just been approved for an AIP with Halifax for £187,000, so put an offer in on a house, home report value £225,000 but offered £235,000 as I loved the house. Im looking to borrow the full amount that I've been accepted for as I'm using all my savings for the deposit.
I earn £45,000 and I only have 1 loan that I pay £291 a month and I have just over £9000 left on the loan, I also have an excellent credit rating with no missed payment or defaults on my file.
The question I'm asking is can Halifax lower the amount that they have accepted me for or refuse me completely after approving my AIP?
0
Comments
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How much is your deposit?0
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£50,000.0
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It should be fine, you may just have a different interest rate.1
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You earn more than me, and I also have a loan with £15,000 still left, but I was accepted with Halifax no issues at all.0
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Getting a bit stressed about it all, how long did the process take?0
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With me it really didn't take long at all, a couple of weeks. Have you been back in contact with them and made your full application?0
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Yeah, application went in early this week, had a hard search on my file from them this morning0
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I'm assuming you're in Scotland as you mentioned the Home Report. I am too and after the full application, it was just a case of getting the Valuation approved. It shouldn't be too long now.1
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What do you mean by valuation approved?0
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As you already have a Home Report, most lenders will accept that valuation. So it's a case of them getting the home report and approving it. If they don't accept it, they can still instruct their own valuation0
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