Can I get an “agreement in principle” before making an offer?
We can obtain an “agreement in principle” based on your contract rate or net profits alone. However, it’s important not to confuse this with a “mortgage offer”.
An “agreement in principle” is a certificate of credit check that states you’ve passed the lender’s credit assessment. It’s an endorsement that can improve your negotiating position with a seller or estate agent, but not a green light to go full steam ahead.