So we applied for a shared ownership house last week with an AIP for £170k (we have 2 actually from the same lender, one with a 5% deposit and one with no deposit), this was for a 50% share. However the house we were applying for was sold, the developer is releasing one 3 bed on another (better) development but it's slightly more expensive. The AIP we have is about 4k over a round 45% share so could we apply for a 45% share with our current existing AIP even though the figure isn't the exact amount we would be asking for but is just a touch more? Or does it need to be the exact amount.
To be honest this is just so we can hopefully be successful and reserve and then if the developers were happy with us having a no deposit mortgage we would like at buying a larger share anyway. I'm just keen to know if they would accept our existing AIP in the application so that I can be primed and ready to go with everything to apply as soon as it goes live or whether I need to ask my mortgage advisor to revise the figure.