I was selling my flat and buying a house, close-ish to exchange so I have an AIP which then got turned into a firm mortgage offer.
My buyer has now pulled out and we're thinking of keeping the flat and renting it out instead now. I haven't told the onward purchase yet - it's all happened quite fast. I don't want to tell them and lose the house (exactly the same happened a few months ago with the same EA and we did lose that house).
My question is: Can I get a second AIP which relates to keeping the flat, withdrawing equity and using that equity as a deposit for the house, and also keep my other initial mortgage offer live? I'd like to have an AIP/offer for both options and choose which option to go for next week or the week after. Is that possible or can you only have one AIP / offer open at any one time?
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Property/DIY
AIP/DIP - can I have 2 different ones at once?
6 replies
NoPlanYet · 05/04/2016 09:49
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