diff --git a/designer/askcompnamedlg.pas b/designer/askcompnamedlg.pas
index 461804ac7e..c087588e74 100644
--- a/designer/askcompnamedlg.pas
+++ b/designer/askcompnamedlg.pas
@@ -286,13 +286,16 @@ begin
       ErrorMsg:=lisThereIsAlreadyAComponentWithThisName;
       exit;
     end;
-    if SysUtils.CompareText(AName,FLookupRoot.Name)=0 then begin
-      ErrorMsg:=lisTheOwnerHasThisName;
-      exit;
-    end;
-    if SysUtils.CompareText(AName,FLookupRoot.ClassName)=0 then begin
-      ErrorMsg:=lisTheOwnerClassHasThisName;
-      exit;
+    if FLookupRoot<>FNewComponent then
+    begin
+      if SysUtils.CompareText(AName,FLookupRoot.Name)=0 then begin
+        ErrorMsg:=lisTheOwnerHasThisName;
+        exit;
+      end;
+      if SysUtils.CompareText(AName,FLookupRoot.ClassName)=0 then begin
+        ErrorMsg:=lisTheOwnerClassHasThisName;
+        exit;
+      end;
     end;
     if SysUtils.CompareText(AName,GetClassUnitName(FLookupRoot.ClassType))=0 then begin
       ErrorMsg:=lisTheUnitHasThisName;