A mortgage in principle is a statement from a lender indicating how much they will lend you based on your financial situation. This helps you understand your budget and shows agents and sellers that you are a serious buyer.
You will need to give your adviser details of your income, expenses, and any existing debts to get a mortgage in principle . This does not a guarantee of a mortgage, but puts you in a strong position when making offers.
A mortgage in principle is usually valid for 60 to 90 days, giving you time to search for a property with confidence.
Always consider using a mortgage adviser to help get you a mortgage in principle. Most mortgage advisers will not charge you anything until you are ready to apply for a mortage. Make the best use of this opportunity to get free advice (and a mortgage in principle!)