Haven Mortgages Ltd (part of AIB group) announce the extension of the term of the AIP letter from 6 to 12 months.
Due to the lack of housing supply, customers are often not identifying properties to purchase within the 6 month Approval in Principle (AIP) time frame. This results in the AIP expiring which means a new application is required. Approval in Principle Extension to 12 Months
View more detail on Mortgages here.