Step 4: Get an 'Agreement in Principle'
Once you've found the right mortgage, you may need to get an Agreement in Principle from the lender. We can advise you about this. It doesn't commit you to taking out a mortgage with this particular lender, nor does it commit them to lending you the money. But it does let you start househunting with confidence, because it gets the first stage of the approval process out of the way.
Before giving you an Agreement in Principle the lender will probably do some of the necessary admin, like running a credit check on you. So although it's not guaranteed that when you apply for the mortgage you will definitely be approved, it does mean that the process should be quicker and easier.
Once you've found the right mortgage, you may need to get an Agreement in Principle from the lender. We can advise you about this. It doesn't commit you to taking out a mortgage with this particular lender, nor does it commit them to lending you the money. But it does let you start househunting with confidence, because it gets the first stage of the approval process out of the way.
Before giving you an Agreement in Principle the lender will probably do some of the necessary admin, like running a credit check on you. So although it's not guaranteed that when you apply for the mortgage you will definitely be approved, it does mean that the process should be quicker and easier.
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