S Sago Registered User Messages 28 31 Jan 2006 #1 Hi I've just received my mortgage approval and it says the following - Received an AIP for 255,000 92% LTV... Can someone translate this for me? Does this mean I get 255k or 234.6k Thanks
Hi I've just received my mortgage approval and it says the following - Received an AIP for 255,000 92% LTV... Can someone translate this for me? Does this mean I get 255k or 234.6k Thanks
S Sarah W Registered User Messages 1,169 31 Jan 2006 #2 Re: Really silly question.... You're approved for up to €255,000 as long as it doesn't exceed 92% of the property price so you could buy for up to €277,174 (to be precise!). Sarah www.rea.ie
Re: Really silly question.... You're approved for up to €255,000 as long as it doesn't exceed 92% of the property price so you could buy for up to €277,174 (to be precise!). Sarah www.rea.ie
S Sago Registered User Messages 28 31 Jan 2006 #3 Re: Really silly question.... Oh great!!!!!! Thanks - sorry again about the daft question.
C cambazola Registered User Messages 51 31 Jan 2006 #4 Re: Really silly question.... Sago said: Received an AIP for 255,000 92% LTV... Can someone translate this for me? Click to expand... AIP = approval in principle, LTV = loan to value (i.e. the ratio of the loan to the overall house price), so 255k is no more than 92% of the house price.
Re: Really silly question.... Sago said: Received an AIP for 255,000 92% LTV... Can someone translate this for me? Click to expand... AIP = approval in principle, LTV = loan to value (i.e. the ratio of the loan to the overall house price), so 255k is no more than 92% of the house price.