Principle - 6.28

In short, "Principle 6.28" represents the crucial "pre-approval" stage in a mortgage journey. How an AIP differs from a ?

The lender does a quick credit check to see if she is likely to be accepted. Principle 6.28

Sarah submits her financial details (income, debts, savings) to a lender. In short, "Principle 6

Within a few minutes, the lender gives her a document stating that they are prepared to lend her a specific amount (e.g., This isn't a final loan offer

This isn't a final loan offer, but it is a vital document. It shows sellers that Sarah is a serious buyer, making her offer stronger than someone without one.

With this in hand, she can start her formal application and confidently proceed with her solicitor as discussed further in the video.