Agreement in Principle
This can be a useful tool for a property buyer. If you have agreement in principle from a mortgage provider, it enables you to search for a property knowing exactly how much you can afford, and it reassures the seller that you are not wasting their time. It can also speed up the purchase process.
Obtaining agreement in principle involves establishing that you meet the lender’s criteria, and they are willing to pre-approve you for a mortgage loan.
To obtain an agreement we may need to carry out a credit check. However, to protect your credit rating, we will only do this once a suitable lender has been identified and advised of your personal and financial circumstances
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Abraham Associates is a trading name of Louis Abraham, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
Abraham Associates is not a business in its own right, it is part of Louis Abraham, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited. The Openwork Partnership is one of the UK’s largest Financial Advice networks, with over 4,500 advisers and in excess of 700 appointed representatives based throughout the UK.
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Your Mortgage
YOUR MORTGAGE IS A LOAN SECURED ON YOUR HOME.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.