Mortgage Pre-Approval in 2025: Why It’s Crucial Before House Hunting

A mortgage pre-approval (AIP) shows how much a lender is willing to let you borrow. Benefits include:

• Stronger bargaining power with sellers.
• Confidence in your budget.
• Faster mortgage application processing.

How to Get Pre-Approved:

1. Provide proof of income and outgoings.
2. Pass a credit check.
3. Get an agreement in principle (AIP).

How long does pre-approval last? Usually 60-90 days.