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Letter of Offer vs Approval in Principle

Smiley012 · 2016-06-20 23:42:50

So, I just had a mini freak out, but I think I'm okay, I just want clarification. We have put in an offer on a house, to secure the offer, they only need the AiP right? The letter of offer comes in when the offer is accepted, and we speak to the bank to get everything across the line? Valuations, surveys etc?

20-06-2016 11:42pm

#1

Smiley012

Registered Users, Registered Users 2 Posts: 304 ✭✭

Join Date: December 2006

Posts: 220

So, I just had a mini freak out, but I think I'm okay, I just want clarification.

We have put in an offer on a house, to secure the offer, they only need the AiP right?

The letter of offer comes in when the offer is accepted, and we speak to the bank to get everything across the line? Valuations, surveys etc?

0

Comments

#2 21-06-2016 5:09am

Lumen

Registered Users, Registered Users 2 Posts: 31,232 ✭✭✭✭

Join Date: September 2004

Posts: 30740

Yes, Loan Offer come after Sale Agreed.

0