Approval in principle from more than one bank?

[Mickkk]

Hi,

Have been perusing this forum for a while and found it very helpful.

Self-explanatory title. It's probably a stupid question and really obvious but I can't find a clear answer anywhere online. Is there anything to stop me having more than one approval in principle open at any one time?

Background: I ask because I'm thinking of applying to KBC and PTSB at the same time. PTSB gave me the most positive line on mortgages on one-bed houses when I chatted to one of its advisers. The KBC guy I spoke to gave me a more qualified line on mortgages on one-beds, but obviously their variable rate is better. Basically, if I found a two-bed I liked, I'd go with KBC, but if I found a one-bed I liked, it might have to be PTSB.

Thanks in advance for your responses.

 

[rob oyle]

There is nothing to stop you sourcing multiple AIPs. In fact, anyone shopping around for the best deal will end up in that situation. Might mess with the banks' ability to offer mortgages in excess of the CBI rules but that's not your concern.