Mortgage agreement in principle, how likely to then be rejected?

[SweetMelodies]

Just wondered really as I’m finding the whole process so stressful and anxiety-inducing.

We had an appointment with a mortgage broker who went through our employment and income and so on then we left him with some documents so he could search mortgages for us and get an AIP. He got back to us with an AIP from Natwest so we are now in the process of applying properly.

I’m anxious that it does get approved as we’ve had an offer accepted on a property we love. However I do keep reading online about people getting an AIP then being rejected once it came to the real application.

Any experience? Positive or negative?

Thanks

Congrats on your AIP. That suggests your income and your credit score satisfies the lender.

From my knowledge that's the biggest hurdle. The next step will be the bank's valuation of the property so they can satisfy themselves that it's worth what you are paying for it.

After that it's a matter of the paperwork and process... I understand it's really stressful so I feel for you but it sounds to me you are through to the next stage.

Good luck !