Zero, pre-recognition is not a vow out-of borrowing otherwise a proper approval to have a home loan
Their bank may also ask for a list of that which you owe (your financial situation) and you may what you individual (their assets) and take this into account when it comes to the application:
Home loans instructions & info
What is the step two on your property excursion? The house mortgage guides will help you navigate the road to come, regardless if you are to invest in, building or trying save very well a preexisting mortgage.
Faq’s regarding the financial pre-recognition
Conditional recognition means your property loan application has been partly assessed and you will acknowledged theoretically, subject to latest criteria set-out because of the lender. Read more