Does a mortgage AIP need to be for the mortgage you'd actually take out?

[paulanka]

Apologies as I feel this is a stupid question - forgive me as an ignorant FTB!

I'm just starting the search for a property and lots of websites have advised me to get an AIP before reaching out for viewings. I've done this and now have an AIP for the amount I'd want to borrow. I didn't go through a broker and instead just used the online Barclays application as it was quick and said it wouldn't affect my credit score.

When it comes down to getting an actual mortgage, naturally I'd want to shop around more and go through a broker.

Is this ok, or does the AIP need to be for a mortgage I'd definitely follow through with?

You mean for the estate agents pre-screening you to view? They can’t see into the future can they? They just want to weed out time wasters. If you have an AIP, that means you’re mortgageable, but OFC you can go with a different lender when you do the full application. Don’t worry.

Thanks for the response. And yes it's just to satisfy any EA requirements to show proof of funding before viewings.

In that case you’re fine. They are just using the only blunt check they can.

Yes, that’s absolutely fine. We had an AIP and then by the time we actually had an offer accepted, interest rates had changed and we got a better deal somewhere else.