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This makes sense. As you correctly expressed, a pre-approval is useful in establish a purchasing budget which is vital for a property investor building a portfolio! I take back the 'not worth the piece of paper it is written on' comment. Instead I should have said that in our situation, whilst...

Yes, I agree. Agree again. Gaining a pre-approval is certainly an aid, (as you expressed in the points above). But at the end of the day, in our situation, the pre-approval is not a firm guarantee that finance will ultimately be granted. Therefore we will tread with caution. (ie. Only...

Good question, Rixter. Pre-approvals are not a formal/official approval or loan offer. Income verifications etc will need to be re-submitted once the property is found. This becomes particularly relevant if there is a change in income status between the pre-approval stage and the purchase...

I thought it would be interesting to read of people's investment achievements and goals for 2010. A thread like this is usually started at the beginning of each year and I thought people may like to post what they have achieved or are likely to achieve for the rest of the year. Here are...