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    agreement in principal-what does this mean?
    • #1
    • 8th May 08, 10:07 PM
    agreement in principal-what does this mean? 8th May 08 at 10:07 PM
    Hi there,

    I am new to this site however am going through a mortgage for the 1st time, very daunting therefore any help would be great.
    My query is how the mortgage process works, I have an agreement in principal through abbey and have submitted my proof of income etc to them for the full mortgage application but I am unsure what the in principal agreement means, have i been accepted or do the now do my credit checks and then decide.
    Have been waiting since Saturday and not heard anything so I am starting to fret that something may have gone wrong.

    any advise would be gratefully received.
    many thanks
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