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How long does an agreement in principle take to process?

mjn
mjn Posts: 25 Forumite
in Mortgages & endowments
Question as per the title.
Looking to make an offer on a property, but need to make sure we can get a mortgage first!
Thanks

Comments

  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    Usually three months.
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • ACG
    ACG Posts: 24,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    To get an agreement in principle it takes around half an hour to an hour.

    To make a full application to offer it takes around a week or 2 maybe more.

    To complete the full sale then around 3 months.
    I am a Mortgage Adviser
    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.
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