A mortgage pre-approval (A.K.A. Decision In Principle, Agreement In Principle) is usually based on information provided by you or your Advisor and an initial credit check by the mortgage lender. It gives you an indication that you are likely to be approved, how much you can borrow and your required deposit. It is also not a guarantee that you will be accepted as for a formal mortgage offer you will be subject to further checks. Speak to us today to find out more about this process.