Mortgage Pre-approval AdviceWhat is mortgage pre-approval advice? This happens in the UK when it comes to taking out mortgages and is known as a 'decision in principle' too. Mortgage pre-approval advice is generally given by the lender after having been satisfied with your financial status and other criteria.
Before getting mortgage pre-approval advice, you will have to apply for the mortgage you want, ensure that you fulfil the necessary criteria and provide documents that support this. The lender will then look into your credit rating and other details and if satisfied provide you with a mortgage pre-approval advice
A mortgage pre-approval advice puts you closer to the mortgage you want. Once you have been given the mortgage pre-approval advice, you need to look at it seriously and if you agree to the suggestions outlined in it, you will be provided with the final documents for the sanction of the mortgage.
A mortgage pre-approval advice is not binding and is a kind of preview to the final documents. We have experts in-house who can help you decipher the pre-approval advice and help you understand this before taking the final decision.
Get a mortgage pre-approval advice today- call us now on 0845 459 8801 or click here.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Shire Financial Management (Independent Mortgage Advisers) LLP is authorised and regulated by the Financial Services Authority number 301835. You can check this on the FSA's Register by clicking here and inserting our FSA number 301835. Buy to let mortgages and secured loans are not currently regulated by the FSA. For full details on any schemes or products shown or referred to, please call one of our advisors on 0845 459 8801. Actual rates available will depend upon your circumstances. Please ask for a personalised illustration