Hello all,
I am sure the answer might be out there but I cannot find it.
I have been approaching the banks re: mortgage approval. There has been some variation in their requirements etc but they all seem to only be giving this 'approval in principle' only based on the information I give them and not a thorough review of my paperwork (i.e. the approval is not worth the paper it is written on, particularly given that I am self-employed hence a lot of paperwork would need to be reviewed).
They have been more or less been saying that I should put in for a full application only when I have a specific property in mind and want to bid.
Now...I find this unsettling and confusing as it seems crazy to find a place with the possibility of still being turned down.
Can I submit a full application without having a property in mind?
Any help to try and clarify the process for me would be most welcome!
im guessing it may be possible to select a property to which you are bidding on! but Oh no... you didnt win!! work your figures around that and submit... and then you will have more confirmation on what would be approved....
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