When should I get an Agreement in Principle in Stafford?

When should I get an Agreement in Principle in Stafford?

To obtain a mortgage in Stafford, you may need an agreement in principle (AIP) or decision in principle. This document serves as proof of your income and affordability to the lender.

Obtaining an AIP is a crucial step in the mortgage process. It enables you to make offers on properties and negotiate with sellers. If two buyers approach a seller and one has an AIP while the other does not, the seller is more likely to prefer the buyer with the AIP because they have already been approved in principle and can proceed more quickly through the mortgage application process.

AIPs are typically valid for 30-90 days and can be renewed upon expiry. You can obtain an agreement in principle by consulting with a mortgage advisor in Stafford.


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