Argh.. I have had so much conflicting advice I don't know what the right process is anymore!
Basically I learned the buying process as is in England (you can offer then worry about getting a mortgage in place but often this falls through etc etc) before realising it is totally different in Scotland.
I spoke to a solicitor before and they basically advised me before making any offers I would need to have a mortgage in place. I contacted my bank and was giving an agreement in principle for a lot more than I would actually want to borrow.
I am now at a position I have seen a house I want to put an offer in with a closing date for offers soon, but am confused what I need to do.
Do I need to have an actual mortgage fully in place and ready to go for me to offer? Or do I simply need (a more up to date and for a more suitable amount) an agreement in principle and can then get the mortgage tied up once the offer is made?
Someone please tell me for once and for all.
Please be gentle, new to this.
Basically I learned the buying process as is in England (you can offer then worry about getting a mortgage in place but often this falls through etc etc) before realising it is totally different in Scotland.
I spoke to a solicitor before and they basically advised me before making any offers I would need to have a mortgage in place. I contacted my bank and was giving an agreement in principle for a lot more than I would actually want to borrow.
I am now at a position I have seen a house I want to put an offer in with a closing date for offers soon, but am confused what I need to do.
Do I need to have an actual mortgage fully in place and ready to go for me to offer? Or do I simply need (a more up to date and for a more suitable amount) an agreement in principle and can then get the mortgage tied up once the offer is made?
Someone please tell me for once and for all.
Please be gentle, new to this.