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Mortgage Approval
paye
Posts: 449 Forumite
Hi
Me and my partner are thinking off selling up and moving to a new property. However I wanted to know before I sell up would I be able to make a full mortgage application which is approved before deciding on the property I want to buy or do I have to make a mortage application on a property I have seen. Reason i am asking this is I want some security knowing that once I've sold my property i've got everything ready to put an offer on a new house.
Look forward to your comments:beer:
Me and my partner are thinking off selling up and moving to a new property. However I wanted to know before I sell up would I be able to make a full mortgage application which is approved before deciding on the property I want to buy or do I have to make a mortage application on a property I have seen. Reason i am asking this is I want some security knowing that once I've sold my property i've got everything ready to put an offer on a new house.
Look forward to your comments:beer:
Save Save Save:o
SPC 593 paye:o
SPC 593 paye:o
0
Comments
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You could speak to your current lender and ask " How much will you lend me "
Gives you an idea !0 -
You could speak to your current lender and ask " How much will you lend me "
Gives you an idea !
I already have , I've got an agreement in principle from them but I was wondering if I can make a full application before making an offer on a property.
cheers :beer:Save Save Save:o
SPC 593 paye:o0 -
You can't.
The best you'll get is a fully underwritten agreement in principle.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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