Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

Mip/dip/aip amount vs actual mortgage offer

2 replies

Fieldsoftripe9 · 29/03/2021 09:07

What was your agreement in principle amount quoted Vs the amount the lender actually offered you in the end? And who was the lender?

About to suit application for a mortgage but nervous about the amount as we are applying for the full amount quoted on the aip... just keen to see what others have experienced!

OP posts:
TheDoctorDances · 29/03/2021 11:07

We went through London and Country as a broker. Submitted everything, was told it could take up to six weeks.

Approved in three days. Cut out of a lot of the stress.

mindutopia · 29/03/2021 12:41

Assuming everything is in order and there are no surprises, I can't imagine that the amount of the mortgage offer would be different than the AIP. I think we were approved to borrow up to £20-30K more than the actual amount we applied for. The actual application was quite straightforward and I think was approved in a week or two. Ours was with Santander. I don't see why they would go back on the amount offered in the AIP unless your circumstances have changed or you weren't upfront about your financial situation.

New posts on this thread. Refresh page