Getting an Agreement in Principle (AIP) before seriously looking for a property can be useful.
It gives you an indication of how much a lender may be prepared to lend, subject to its criteria, further checks and a full mortgage application.
This can help you focus your Harlow property search around a more realistic budget.
It can also demonstrate to an estate agent that you’ve already started looking at the financial side of your purchase.
An Agreement in Principle isn’t a formal mortgage offer, however, and doesn’t guarantee that your full application will be accepted.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgage availability and rates are subject to individual circumstances, affordability, lender criteria and change. The information in this article is for general information purposes and should not be considered personalised mortgage advice.