AIP declined , but still get a mortgage with that lender

COYI123

Hi everyone , is it possible to have an AIP declined with a certain lender , but still get a mortgage with that lender ?

kingstreet

From a broker perspective, we may be permitted to remodel an AIP, for example, to mark a credit commitment to be repaid or the term to be extended to assist affordability.

For a credit score decline, reducing the loan amount and hence the loan to value may result in a change in outcome.

Typically a broker builds the application from an AIP so we have to have an accept before we can continue with the application.

As with most questions on here, the answer really depends on the lender concerned and the reason for the decline.

K_S

COYI123 said:

Hi everyone , is it possible to have an AIP declined with a certain lender , but still get a mortgage with that lender ?

@coyi123 Potentially. But even that would normally still involve the DIP being reworked (some smaller lenders will do a manual step by step re score to identify the issue if there's no evident reason at all for a decline) and then changed to an accept.

From your post history it looks like you've been having mortgage related AIP issues for a few months now with different lenders. If you haven't already, it might be worth getting a copy of your credit reports (Equifax and Experian, or CheckMyFile which covers all 3 agencies) and speaking to an experienced broker. If you do speak to one, do tell them about any previous issues so they know the whole context.

Good luck and hope you get the mortgage you need!