When should I get an agreement in principle in Bootle?
When you apply for a mortgage, the lender evaluates your income and affordability to determine whether they can lend to you. If you meet their requirements, they provide you with a crucial document called an agreement in principle (AIP).
This document is vital in the mortgage process as it enables you to make an offer on a property and even negotiate prices with the seller. Having an AIP makes you a more attractive buyer to the seller as you have already been pre-approved and can proceed with the mortgage process swiftly.
Typically, an AIP remains valid for a period of 30-90 days, but you can renew it if it expires. If you need an AIP, you can consult a mortgage broker in Bootle who can arrange one for you within 24 hours of your mortgage appointment.
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