Multiple Approval In Principle from different banks

ZioL · 11-02-2019 08:28PM #1

Hi all, is it possible to get multiple AIP at the same time from different banks?
Thanks!

Phileas Frog · 11-02-2019 08:30PM

Yes, of course

tom1ie · 11-02-2019 08:31PM

Yes. Switching mortgage provider by any chance?

ZioL · 11-02-2019 08:46PM

tom1ie wrote: »

Yes. Switching mortgage provider by any chance?

I'm still at the first step asking AIP and I was wondering if I can get more than one from BOI and AIB.

tom1ie · 11-02-2019 09:07PM

ZioL wrote: »

I'm still at the first step asking AIP and I was wondering if I can get more than one from BOI and AIB.

You can get mortgage approval from all the banks if you wish. Do you mind me asking who you are moving from? Ebs are offering 2% cashback. You can move there, get the 2% after a month or so, and then move to aib for the lowest variable on the market (providing your ltv is 50% or less).

daheff · 11-02-2019 09:32PM

If anything it’s in your interest as some banks may value your prospective property differently and maybe not give you what you need at the last second

11-02-2019 09:41PM

tom1ie wrote: »

You can get mortgage approval from all the banks if you wish. Do you mind me asking who you are moving from? Ebs are offering 2% cashback. You can move there, get the 2% after a month or so, and then move to aib for the lowest variable on the market (providing your ltv is 50% or less).

I think i saw on an ad the 2% is payable only after some period of time
eta: i see now it's 3% of which 2% is up front... nice

Multiple Approval In Principle from different banks

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