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Placing an offer based on 'indication'?

SullDog · 2018-03-29 10:53:16

Morning all, Just a quick one, bank has given me an indication as to how much I can borrow but still waiting for final approval. Mortgage specialist seems pretty positive, can I place an offer based on his indication?

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29-03-2018 11:53am

#1

SullDog

Registered Users Posts: 48 ✭

Join Date: February 2015

Posts: 32

Morning all,

Just a quick one, bank has given me an indication as to how much I can borrow but still waiting for final approval. Mortgage specialist seems pretty positive, can I place an offer based on his indication?

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#2 29-03-2018 11:55am
Rackstar

Registered Users Posts: 1,347 ✭✭✭

Join Date: February 2009

Posts: 1273

You can do whatever you want. Estate agent may or may not even ask for mortgage approval.

They want more bidders, they'll even take bidders that aren't approved in order to drive up other bidders and ultimately sell property on their books.

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