We have just started looking for a new house. Went to see a FA a couple of days ago, he has been recommended by a good friend. He said that he won't do any of the mortgage stuff until we find a house that we like, he told us how much we would be able to borrow.
I thought that it was better to get a mortgage agreed up to the point that the lender agrees to lend you up to X amount and then find the house-think this is called an Agreement In Principle (?). Surely that puts us in a better position to buy (nothing to sell, in rented) as we can move things much faster.
Who is right?
I thought that it was better to get a mortgage agreed up to the point that the lender agrees to lend you up to X amount and then find the house-think this is called an Agreement In Principle (?). Surely that puts us in a better position to buy (nothing to sell, in rented) as we can move things much faster.
Who is right?